Final Aim Filed the Third Patent Application for Smart Contract in Digital Manufacturing
Realizing IP-secured digital manufacturing supply chain with smart contract and machine learning technology
Tokyo Japan, Aug 28, 2020 – Final Aim, Inc. (Bunkyo-ku, Tokyo, CEO Masafumi Asakura, and CDO Yasuhide Yokoi), proudly announce that we applied to our 3rd patent (No. 2020-142217) on Aug 26, 2020. This is to further extend our technology and platform in the new field of digital manufacturing supply chain.
Our company mission is to support a zero-to-one step with technology for new business category creation and job opportunity generation following it.
Since our foundation in December 2019, our global challenge has expanded from Japan to Singapore, Indonesia and to Africa in autonomous mobilities, robotics and digital manufacturing where we enable a zero-to-one for startups, new business development departments in large corporations and research labs in universities.
In Singapore, for instance, we inked the partnership with OTSAW Digital PTE LTD, a self-driving mobility startup, and in Indonesia, PT. Yasunli Abadi Utama Plastik., with 40 years of expertise, more than 5,000 employees and 6 factories, became one of our great business partners.
> Fight Against COVID-19 – Final Aim Collaborated with OTSAW by Design to Develop Disinfection Robot – Singapore
> Announcing a Business and Design Partnership with Yasunli – Jakarta, Indonesia
We also formed a partnership with BionicM Inc., a startup from the University of Tokyo that specializes in powered prostheses. Furthermore, we have recently partnered with ICMG PTE. LTD., a global innovation accelerator that carries out a variety of projects ranging from business evaluations, to searching for specific partnerships such as multinational corporations, startups, accelerators, governments and universities.
> Final Aim Announced a Partnership with BionicM – Tokyo, Japan
> Final Aim Announced a Co-Creation Partnership with ICMG – Singapore & Tokyo, Japan
In these zero-to-one creations in autonomous mobilities, robotics and other hardwares with startups and multinational corporations, we found challenges in the digital manufacturing supply chain area that relates to security of intellectual property (IP) such as design rights.
New ideas and business creation come to require fast building of the manufacturing process and supply chain to meet demands timely.
But still, the risk remains critical associated with qualifying, validating and managing manufacturing contract relationships in the field of IP, such as design rights.
This becomes even more complicated as existing procedure is often delivered through a multi-tier manufacturing supply chain with external partners.
We highly prioritize transparency of IP security in the digital manufacturing supply chain where various professional partners take a part.
And now we are pleased to announce, after a series of our challenges, that we filed the patent to secure IP visibility by utilizing smart contract and machine learning technology.
The technology and system filed in this patent can be applied in additive manufacturing, injection molding, CNC machining, sheet metal processing and other fabrication technologies.
Final Aim has already been in the phase of trials and proof of concept (PoC) of the smart contract technology, and has filed two patents related to smart contract and machine learning technologies applying IP management, and valuation and scoring management.
> Final Aim Filed Patent for Intellectual Property Management System
> Final Aim Filed the Second Patent Application for Smart Contract in Startups and New Business Developments
Final Aim continues focusing on blockchain, smart contract, machine learning and additive manufacturing for strategic innovations for zero-one business creations.
[What is Smart Contract?]
A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties.
These transactions are trackable and irreversible. Proponents of smart contracts claim that many kinds of contractual clauses may be made partially or fully self-executing, self-enforcing, or both.
The aim of smart contracts is to provide security that is superior to traditional contract law and to reduce other transaction costs associated with contracting. Various cryptocurrencies have implemented types of smart contracts.
Being a part of blockchain technology, a Smart contract is now being widely tested in POC (Proof of Concept) projects, especially in managing contracts and documents.
Its market size is 67 trillion yen (reference: Government Chief Information Officers’ Portal, Japan, 2016.5.20).
[What is Blockchain?]
A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography.
Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data.
It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”.
For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks.
Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority.
Masafumi Asakura, Co-founder and Chief Executive Officer of Final Aim, Inc.
Starting his career in corporate financing for a venture company at Mizuho Bank, Ltd.,. Asakura engaged in the global planning department in Recruit Career Co., Ltd., and after moved to Singapore for taking 2 CEO positions.
Joining a machine learning and 3D printer startup company, he operated M&A as a COO to become listed with the 1st section of Tokyo Stock Exchange. His professional experiences vary in Head of Product Manager, Executive Officer, Business Planning Executive Officer and International Business Development Executive Officer.
Currently Asakura engages in supporting startups and entrepreneurs as an angel investor and advisor.
Yasuhide Yokoi, Co-founder and Chief Design Officer of Final Aim, Inc.
Born in Japan and raised in Australia. After graduating from Tama Art University, and finishing Samsung Design Membership, Yokoi worked for the product design department at Nikon Corporation, and then became a startup member of a machine learning and 3D printer company.
Currently engages in design and hardware development support for startups and open innovation projects for large corporations.
His support varies in creating new business, service and product designing.
Received awards are iF, reddot, GOOD DESIGN AWARD and more.
About Final Aim, Inc.
Company Name: Final Aim, Inc.
Location: Bunkyo-ku, Tokyo
Business Description: Zero-to-one support with design and technology
Founders: Masafumi Asakura, Chief Executive Officer / Yasuhide Yokoi, Chief Design Officer
Partners: OTSAW, Yasunli, BionicM, ICMG
Contact E-mail: email@example.com