It is a good question you ask but one in which you as a shareholder may wish to find the answers yourself.
In this article below, it showed that the big boys e.g Maersk and global food companies are working with IBM while FedEx has implemented their own solution. And as I mentioned awhile back, the collaboration with the big players were just that- i.e collaboration that is no more than fact finding by them similar to what Caterpillar did with Fastbrick Robotics. You have to be a large global company to win a place in the MNC seat.
I noticed YOJ lately- no mention of blockchain in its recent Nov 22 presentation and their operations are focused in South East Asia. All revenues earned there when translated into AUD does not give scale , and why not focus in Australia or USA, if YOJ is aiming to be a large global player every shareholder would dream of. At least you see Afterpay and Appen growing presence in USA. IMO its because SEA is in its infancy and lacks competition and you need substantial initial efforts to lift them off the ground so YOJ sees as an opportunity.
But once the industry starts adopting it, you can expect the big boys to come in fast and furious- that's how they do business. So in the meantime, YOJ is building support and penetration in the infant market which requires painstaking effort and $.
YOJ Price at posting:
5.0¢ Sentiment: Sell Disclosure: Not Held
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