Domino’s Pizza Bites Into Crypto and Blockchain Using Ethereum-Based Token
Domino’s Pizza in Malaysia and Singapore is turning to blockchain, cryptocurrency and artificial intelligence solutions to improve its supply chain.
SingularityNet, which offers AI services powered by blockchain and its native Ethereum-based token (AGI), has announced a partnership with Domino’s.
SingularityNet will use its artificial intelligence technology along with its native ERC20 utility token AGI to assist Domino’s in its expansion across Malaysia and Singapore, improving the performance of its suppliers.
“SingularityNET is offering the company’s divisions a way to avoid making a compromise between growth and efficiency by incorporating our unique algorithms in our AGI ecosystem into its operations.”
The company says blockchain technology provides an ideal tool for managing network transactions on SingularityNET, but a blockchain-based framework needs to be designed to allow AI agents, which execute smart contracts on the platform, to interact with each other and external customers.
Domino’s will be able to use the utility token to share data among suppliers to streamline supply chain logistics.
Ba U Shan-Ting, chief executive officer of Domino’s in Malaysia and Singapore, says,
“Our newest transformation effort is occurring in our operations function, where we are automating significant portions of our delivery operations and consolidating our operations centres. SingularityNET’s AI algorithms and services will allow us to explore these efficiencies at scale.”
Domino’s has been rapidly expanding in Singapore and Malaysia, with over 260 stores and 4,000 staff.