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Showing posts for November 2020


18 November 2020

Amazon One: An easier way for you to pay using your palm

amazon one

Contactless payments are the most convenient way to pay for things. Whipping out a contactless payment card and paying without entering a pin number saves time, and the ability to save cards to Google Pay or Apple Pay on your smartphone and use NFC to make contactless payments makes life easier too.

It’s all very slick and useful, but there’s a limitation to the current technology: you need to have your card or your smartphone in your hand.

If you have ever forgotten your wallet when you pop to the shops or left your phone in the car when you go shopping, the problem is clear to see: your reliance on a device (be it a card or phone) to make payments is a hindrance.

So, wouldn’t it be great if you could just use your hand? That’s what Amazon One aims to do, and it offers a glimpse into an exciting future.

Payments in the palm of your hand (literally)

Amazon One is a new contactless payment technology that uses your palm as a form of biometric signature. All you do is scan your palm over an Amazon One payment module and payment is authorised if your palm print checks out.

Forget about your card and phone. All you need is your palm.

The technology is ingeniously simple in use, and it is so useful, and so convenient, that it could replace cash and cards in the future.         

To set up Amazon One, you insert a payment card into the module and hover your palm over the sensor when prompted. Amazon One then scans and saves your unique palm signature to that payment card. You can enroll with one palm or both your palms. Once you are enrolled, you needn’t do anything else.

Security concerns and rollout

The obvious security concern with Amazon One is customer data, and the question you probably have is: where is my palm print stored?

The Amazon One device is protected by multiple security controls. For example, the technology driving the imaging sensor uses depth sensors to differentiate between artificial models and images. Palm images are also stored in a secure data environment, encrypted so that the data is useless if it ever falls into the wrong hands.

You can delete your biometric data via the Amazon website. You can manage palm images and add new ones using a module. You can even add loyalty and discount cards, so you have the opportunity to break free from your whole wallet.

With such exciting possibilities, Amazon One is in the best hands in terms of development and rollout (excuse the pun). Amazon has a rich history of bringing top products to market. There’s a reason they are one of the most valuable companies in the world.

You can find Amazon One in Amazon Go stores in Seattle, where a trial is being performed to evaluate the technology. It has worked brilliantly so far, and Amazon’s vision is for it to be rolled out to third-party retailers in the near future.

Soon, you’ll have the whole wide retail world in your hands.

 

Tags: amazon one biocentric technology biocentric signature contactless payment palm payment.


04 November 2020

How the electronic supply chain has been divided by COVID-19

supply chain

Amidst doom and gloom predictions of global economic fallout from COVID-19 and further human and social ramifications, the electronics industry is quietly confident that demand for products will not stall this year or shortly.

This makes for a morale-boosting headline, but underneath the battle lines, there is a trade war raging as a result of a divided supply chain.

Equipment manufacturers are struggling to get a hold of components and component manufacturers are struggling to make enough new components. This, the result of a virus that has thrown the world into unchartered territory and forced elected leaders into making profound decisions that have affected our way of life.

The electronics sector is healthy for now, but keeping it going has required change and intelligent thinking. This is how the electronic supply chain has been divided by COVID-19:

The battle for stock

With the production capacity for electronic components down as a result of COVID-19, it is no surprise that the components' supply chain has been impacted. Fewer components are being made, creating a shortage of stock.

As a result of this, we are now seeing a shift in behavior from manufacturers, who are component hoarding and paying over-the-odds for stock to meet demand. This has reduced the number of components available on the open market, creating a shortage, and the issue is compounded by a lack of new production.

Supply moving away from China

As a result of the coronavirus in China, which has devastated the workforce and adversely impacted the country’s social reputation, manufacturers are beginning to seek alternatives to meet the demand for electronic components.

Taiwan, South Korea, Singapore, Malaysia, the United States, Japan, Vietnam, the Philippines, and Germany are all rich manufacturers of electronic components. We are now seeing greater diversification in supply chains. This is good news for the global economy, but not so much for China and Hong Kong.

Changes in supply chain planning

COVID-19 has forced manufacturers to pivot their supply chains to boost efficiency. From being more flexible with transportation to estimating capacity and accelerating production, manufacturers are doubling up on decision-making processes.

The optimization of production and distribution capacity are key areas, so that production can continue to meet demand while managing health. Available inventory has now become a more important factor than ever too - no longer can manufacturers rely on a steady supply of components. Orders must be planned.

Closer partnerships with electronic component distributors

Pre COVID, manufacturers typically kept the procurement of electronic components in-house with a slick and efficient operation. Inventory would be automatically updated with component orders placed electronically between supplier and manufacturer.

If COVID has taught manufacturers one thing, however, it is that you can never rely on one single supplier to deliver. One failure breaks the system.

This has led manufacturers to partner with component distributors who can deliver the stock they need. The sourcing of components is being increasingly outsourced, which brings some inefficiencies, but is necessary to keep things ticking over. 

Tags: covid-19 battle for stock supply moving away from china supply chain planning partnerships with electronic component distributors electronic components


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