SK C&C Launches Smart Market Construction Project at Garak Market

Integration of AI, Big Data, and Other Digital Technologies Throughout the Distribution Process

[Asia Economy Reporter Jin-gyu Lee] SK Inc. C&C announced on the 30th that it has started the 'Comprehensive Plan Research Service Project for Building a Smart Market at Garak Market' for the Seoul Agricultural and Marine Products Corporation.

Through this project, they plan to build a 'smart market' that integrates digital technologies such as artificial intelligence (AI), big data, blockchain, and cloud throughout the entire distribution process, from harvesting agricultural and marine products at production sites to delivery, unloading, trading, quality inspection, and wholesale and retail sales.

By establishing a trading platform capable of supporting various transaction methods such as online video trading, logistics can be optimized and distribution costs reduced. The food traceability system using blockchain technology and the cold chain freshness management system for agricultural and marine products, which includes temperature and humidity sensor control devices, will provide consumers with high-quality fresh agricultural and marine products.

The big data-based distribution information system helps stabilize the supply and demand of agricultural and marine products. A distribution information system utilizing distribution data generated during the process of delivering agricultural and marine products from producers to consumers will be established. In wholesale distribution where large quantities of agricultural and marine products are traded, it provides distribution information such as volume and price to alleviate the phenomenon of sudden concentration of volume.

Digital facility management also contributes to improving the surrounding environment and reducing operating costs. Intelligent Internet of Things (IoT) facility management, including market buildings, water supply and drainage, electricity, security, and crime prevention, not only reduces operating costs but also prevents safety accidents.

Kim Seong-hwan, Head of Energy Digital Promotion Group at SK C&C, said, "We will encompass all possible changes that can occur when markets and digital technology meet," adding, "We will present the direction for building Korea's representative smart market platform where digital technologies such as AI and big data operate organically throughout the market."

This content was produced with the assistance of AI translation services.