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TO ON smart auction demonstrates efficiency, steadily growing number of user Developing innovative technologies to build the next-generation
Apr 14, 2023, 05:50
TO ON's smart auction system continues to grow steadily. Korean startup company TO ON's smart auction system has gone viral for its efficiency and convenience, with the number of farmers and bidders increasing every year.
Currently, the number of Hanwoo(Korean beef) farmers using the smart auction system exceeds 300, and the number of farmers earning additional revenue through smart auctions is increasing. Since the introduction of the smart auction system, the winning bids for 2,795 calves sold were on average 390,000 won more than the winning bids for calves sold at livestock markets nationwide. As a result, it is analyzed that 1.09 billion won in additional income was returned to farmers during the same period.
The Smart Hanwoo Auction Market has been well-received based on the high level of completeness of the system despite its early introduction. TO ON, a Korean company that provides smart auction system development and services announced that it plans to introduce AI deep learning technology after successfully establishing the introduction of smart auctions in the Hanwoo auction market.
It plans to continue its evolution as a next-generation Korean beef auction market by developing a program to measure the body length, height, and weight of beef cattle that have been exhibited using AI deep learning, and installing an online board to provide various information about each individual to bidders in real-time. In addition, after the system of the smart Korean beef auction market is more fully established, it plans to provide services to livestock auction markets nationwide. By doing so, we hope to advance the era when auctions held by farmers across the country can be viewed and bid on in real-time on a single website.
An official from TO ON, a Korean smart auction system development and service company, emphasized, "The Smart Hanwoo Auction Market will be an innovative auction system that can change the paradigm of the existing Hanwoo auction market by enabling real-time bidding anytime and anywhere, as well as knowing all the information necessary for Hanwoo auctions with a single smartphone."
[Company Information]
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Related Link : www.2on.kr
Written by Hanmir PRNews
► This is a news release distributed by Hanmir PR news on behalf of TO ON
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