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7Plus Coin Whitepaper 7Pluscoin Innovation is our passion and sustainablity is in our DNA 7PLUS COIN WHITEPAPER 7PLUSCOIN Table of Contents Overview 3 About Yeh Group 4 Yeh Group History 5 PART ONE 7 TEXTILE MEDICAL SUPPLIES 8 PROGRESS & COMPETENCIES 11 Partners & Sponsors 12 PART TWO 13 SUPPLY CHAIN 14 Waterproof Breathable Textile Global Market 15 Deploying A Transparent Supply Chain & Payment 17 YEH GROUP TECHNOLOGY 19 Yeh Group Supply Chain Mechanism 20 The Consensus Mechanism 21 PART THREE 23 7plus Coin (SYMBOL:SV7) Token Allocation 24 7plus Token Sale 25 7PLUSCOIN SAVINGS & UTILITY 27 Roadmap 28 Meet the Team 29 Copyright © 2020 7pluscoin.com. All rights reserved. 2 7PLUSCOIN OVERVIEW Today, the whole world is reeling from the outbreak of one of the most devastating pandemics in modern history. It has disrupted our work and put our lives in grave danger. Healthcare systems have been confronted with the ultimate test, but the lack of confidence in the product integrity of textile, medical supplies has become a major problem. Businesses are rallying to support and keep society moving forward in the best way they can. Penn Asia, a subsidiary of the Yeh Group of company, responds with the integration of blockchain into the supply chain process of its COVID-19 medical textile materials like facemasks, gloves, etc. Yeh Group is developing a digital asset called 7PLUS COIN (SV7 COIN), which will serve as a utility token for ease of transaction and tracking of COVID- 19 medical textile products. The COVID-19 pandemic outbreak reveals the shortcomings in supply chain processes within the healthcare system. 7PLUS COIN is designed to improve the healthcare supply chain management and tracking process of moving COVID-19 medical textile materials such as face mask, hand gloves, etc., to the highly needed locations. During the early phase of the coronavirus pandemic, countries around the globe were heavily impacted and many economies suffered due to the inefficient supply chain processes. Given the dire need for efficiency in medical supply chain systems, blockchain technology is uniquely and perfectly suited to address the obvious pitfalls revealed by the COVID-19 pandemic. Yeh Group provides information transparency, proof, accuracy, and reduced risk for all parties through its blockchain-based supply chain system. Imagine having a traceable and secure view of the country's medical supply inventory. That is what the Yeh Group offers at this point. Health providers will know the number of gloves, face masks, and test kits available on demand in real-time. Copyright © 2020 7pluscoin.com. All rights reserved. 3 7PLUSCOIN About Yeh Group Yeh Group is Penn Asia's parent company with paid up capital of 500 million Baht a warp and weft knitting business with its dyeing and finishing. The company is located in Thailand, the heart of Southeast Asia, only 35 km west of Bangkok. Yeh Group manufactures functional fabrics (intimate apparel and sportswear) for the global market. The company manufactures mainly nylon and spandex yarns, although polyester with spandex is gaining ground as they serve as rigid fabrics. Yeh Group has been working in partnership with notable regional brands in underwear and sports for more than 25 years. Penn Asia has about 350 employees, while Yeh Group has approximately 1000 employees. Owing to the outbreak of the COVID-19 pandemic, Yeh Group has given more attention to the production of novel, highly protective textile materials with biological and chemical protection. This included their innovation of new drydye dying and printing microfiber face masks for medical and daily use. Copyright © 2020 7pluscoin.com. All rights reserved. 4 7PLUSCOIN Yeh Group History The business was founded by Mr. Yeh Ming Tong in 1988. Using his textile skills developed in Taiwan and with just US$7 in his pocket, he moved to Thailand and started a business. Today his son, Jimmy Yeh who has been running the business since the mid 90s, continues to fulfil the vision of his late father, supported by his close family Over the years our fabrics have featured in many significant sports events. Copyright © 2020 7pluscoin.com. All rights reserved. 5 7PLUSCOIN Yeh Group Plant Copyright © 2020 7pluscoin.com. All rights reserved. 6 7PLUSCOIN PART ONE Copyright © 2020 7pluscoin.com. All rights reserved. 7 7PLUSCOIN TEXTILE MEDICAL SUPPLIES Medical textile supplies belong to a wide range of materials heavily regulated due to their safety implications. These textile supplies are typically used in the operating theater or hospital wards for staff and patients' hygiene and safety. They are either washable or disposable. Examples of these medical supplies include surgical gowns, caps, masks, patient drapes, and cover clothes for various sizes. The medical textile supplies used in hospital wards include bedding, clothing, mattresses, covers, and wipes. Copyright © 2020 7pluscoin.com. All rights reserved. 8 7PLUSCOIN Covid-19: Problems & Solutions 1. Poor healthcare and pharmaceutical supply chain management and tracking This was a huge problem during the coronavirus pandemic heat. Government agencies found it very difficult to track the volumes and locations of essential supplies. It had a devastating impact on curbing the spread of the virus and protecting the population. Solution A blockchain-enabled supply chain allows immutable, transparent, and efficient tracking of medical supply from its production point down to the consumer. Across the supply chain, the blockchain helps to provide information, transparency, proof, accuracy. with such information, supply chain associated risks will be at its minimum for all parties; manufacturers and consumers inclusive. 2. Lack of confidence and Public panic When it was discovered that the face masks from China to Europe (UK, China, Ireland, etc.) were contaminated, it spread panic among the population. Public panic will do more harm than good as we try to tackle the outbreak of this pandemic. Solution A blockchain system that securely tracks and proves the ingredients, production volumes, availability, and quality will significantly improve public confidence in the materials and even drugs. The blockchain system will enable fact-based information sharing. Tracing the origin and endpoints of medical textile material will reduce unnecessary exposure and legal risks. 3. Lack of ease of payment Traditionally, cross border payments come with high banking fees and time delays due to physical distance. This has really not helped the fight to combat the spread of the coronavirus pandemic. The delay in processing transactions stalls the transportation of medical textile materials on time to places they are needed. Also, large multinational companies find it difficult to keep track of numerous business deals and accounts financially. Copyright © 2020 7pluscoin.com. All rights reserved. 9 7PLUSCOIN Solution To solve the lack of ease of payment in the supply chain of COVID-19 medical supply kits, one can adopt a digital asset payment system to make it easy for both manufacturers and buyers. A good example of such digital assets is the 7PLUS COIN being created by the Yeh Group of companies. 4. Counterfeit products The counterfeit drug market is worth a staggering $75 billion annually, including medical textile supplies. On July 24, 2020, INTERPOL reported global seizures of falsified medical products related to Covid-19. The seized items include 34,000 counterfeit and substandard face masks. At a time when standard medical textile supplies are essential, we can't afford to allow the proliferation of counterfeits into the global market. Solution With the decentralized and immutable record features that blockchain offers, we can track every COVID-19 textile medical supplies journey to verify its authenticity or the lack thereof. Copyright © 2020 7pluscoin.com. All rights reserved. 10 7PLUSCOIN PROGRESS & COMPETENCIES Yeh Group has made tremendous progress in the development of efficient and effective textile medical supplies. Yeh Group currently develops protective clothing for medical staff, field workers, etc. Yeh Microfiber facemask medical products and daily wear is designed with our dry dye technology. They deliver 99% filtration efficiency and are very comfortable to wear. Yeh masks have higher breathability than N95 masks and other non-woven masks. Copyright © 2020 7pluscoin.com. All rights reserved. 11 7PLUSCOIN Partners & Sponsors Yeh Group Partnershas been in business for more& thanSponsors 25 years, and they have built great partnershipsYeh Group along has been the line. in businessOur top partners for more and than sponsors 25 years, include: and they have built great partnerships along the line. Our top partners and sponsors include: Copyright © 2020 7pluscoin.com. All rights reserved. page 09 12 7PLUSCOIN PART TWO Copyright © 2020 7pluscoin.com. All rights reserved. 13 7PLUSCOIN SUPPLY CHAIN MANAGEMENT METRICS According to Credence Research, the global supply chain management market was valued at USD 12.96 billion in 2017 and is expected to expand at a compound annual growth rate (CAGR) of 12.3% from 2018 to 2026. Due to the liberalization and proliferation of e-commerce, there has been an increase in intra-regional and crossborder trades. The demand for SaaS (Software-as-a-service) is tipped to drive market demand. Meanwhile, the global supply chain management market is categorized into two: software and services tangible and non tangible commodities. In another report by Businesswire, the supply chain management market's market valuation was placed at $15.85 billion in 2019. However, it is projected to reach $37.41 billion by 2027. Therefore, between 2020 and 2027, the supply chain management market will grow at a CAGR of 11.2%. Copyright © 2020 7pluscoin.com. All rights reserved. 14 7PLUSCOIN Waterproof Breathable Textile Global Market According to ResearchAndMarket.com, the global waterproof breathable textile market accounted for $1.7 billion in 2019. The market is expected to grow to $3.10 billion by 2027, with a CAGR of 7.7% within the forecast period. Increasing preference for high performance and comfortable fabric and the rising fitness awareness are the major drivers causing the market growth.
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