The Silicon Review
By 2040, the global population will grow to 9.1 billion, pushing our global annual consumption to 350 billion tonnes of resources, 4 times today’s current levels. To meet this demand global industry is collectively moving towards the adoption of smart technologies to help navigate the complexities of providing industrial services in a sustainable manner.
Focus now has shifted away from optimization at an enterprise level, and instead towards the ecosystems they operate in. The current scenario presents an opportunity for new and emerging technologies and the companies that provide them to generate value for businesses looking to optimize their ecosystems.
Rise-x, a Western Australia based company, is forging a path in ecosystem optimization by building highly connected, trust-based, enterprise ecosystems with the capacity to operate autonomously and at a global scale.
Their platform, called DIANA, is a decentralized, end-to-end solution that captures information throughout any order to pay process on a single record. It leverages blockchain, artificial intelligence and other clever stuff to eliminate all forms of paper, automate dull tasks that make people frustrated and digitalize entire supply chain processes.
conversation with Rowan Fenn Founder and CEO of Rise-x technologies
Q. Why do you think there is a strong need to re-invent the global industrial ecosystem?
The population is growing larger, living longer and getting richer, driving increasing demand for energy, food, water, and minerals. In the context of the global climate emergency this presents companies, communities and nations with an acute and existential challenge. Our focus is on delivering exponential gains in productivity, by eliminating all forms of waste. Using digital technologies including cloud services, Artificial Intelligence (AI), blockchain, and Internet of Things (IoT) rise-x.io is building highly connected, trust-based, decentralized enterprise ecosystems with the capacity to operate autonomously and at a global scale.
The team at rise-x.io imagines a future where enterprise customers delegate daily operations of physical assets and infrastructure to their Ecosystem Orchestration Platform (EOP) which they call DIANA. DIANA will in turn coordinate and manage the World’s largest and most interconnected robot, our global industrial supply chains.
Q. Global trade is subjected to change, uncertainties, and disruption. How do you stay relevant in the volatile market?
We build technology to help companies deal with exactly this risk. We use artificial intelligence and some other clever stuff to reduce risk and uncertainty in volatile markets. We build the digital infrastructure required to accelerate the 4th industrial revolution, to bring the future forward faster and to disrupt incumbent operators who are adverse to progress. We are relevant because we are helping other companies remain relevant.
Q. How efficient is your Bunker Management System? How do you help your customers manage risks?
Our bunker management system is still under development and to date we have managed to put the entire transaction onto a single interface. From sourcing and procurement to contract settlement and including every step in-between our system can manage contracts, logistics, operations, custody and title transfer and settlement on a single screen. Add to this, that the solution supports all stakeholders in the supply chain and we have accomplished something entirely innovative and uniquely new to the sector. We have eliminated every single piece of paper in the process, and reduced the complexity at an industry level. The opportunity to unlock value across the supply chain is a veritable gold mine, but… We are still waiting for the gold rush.
Q. How important is vessel hull maintenance, and explain your biosecurity solution in brief.
Vessel hull maintenance is an asset performance management strategy which is winning support in the global shipping industry for a couple of key reasons. Proactive hull maintenance is good business. Clean ships perform better, use less fuel and produce fewer emissions. Proper hull management can improve the performance of Anti-fouling Coatings (AFC’s) and extend the life of AFC’s. Proper hull management coupled with regular in water interventions can also extend time between dry docks reducing the overall lifecycle costs of the vessel. BioPass is a whole of life, a secure blockchain ledger-based tamper proof record for marine asset biosecurity management. BioPass assists with compliance and vessel transit efficiencies, record handling, and increased level of compliance for hull cleaning, inspections, surveys, and port entry. BioPass is a novel technology platform designed to capture data from in water hull cleaning, inspection and survey apparatus, and vessel “topside” inspections. In water apparatus are used to clean, and/or inspect and/or survey a ship’s hull and to attach this information to the asset for the life of the asset.
Q. What are your commitments regarding keeping your service standards up?
We are young, we run lean, and we are obsessed with customer happiness. It is the fuel that keeps us in the game and it is our number one metric. Happy customers see value in the technology and the team. They see an opportunity to be different, to transform, and to thrive in markets which are becoming increasingly marginal. Happy customers win, and winning customers pay to keep winning. This allows my team and I to continue to work towards our purpose to increase the carrying capacity of the Planet. In short, we are committed to exceeding expectations and to continuing to do so. Our story depends on it!
Rowan Fenn Founder and CEO of Rise-x technologies
He is the founder and CEO of rise-x technologies in Australia building the DIANA Platform. He is excited by the scope and scale of the opportunity to re-invent the global industrial ecosystem. “Never before has an opportunity so massive presented itself on a timeline so minute, driven by an imperative so existential.” Prior to starting rise-x.io, Rowan worked At Accenture and Deloitte in the global energy industry, where he had the privilege of working with the world’s largest and most admired companies in geographies around the globe.
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