On Wednesday, 707 Cayman Holdings Limited (NASDAQ:JEM) said its board has approved the exploration of an AI-powered, blockchain-enabled platform to modernize its global apparel supply chain, while stressing that no capital expenditure has been approved at this stage.
The announcement came after the stock surged 267.59% in the previous session.
Shares jumped another nearly 124% on Wednesday. 707 Cayman AI and Blockchain Supply Chain Initiative The proposed platform would integrate AI-driven supply-chain optimization, AI-assisted design, blockchain traceability and a pilot for crypto-based B2B payments to improve transparency, efficiency and ESG reporting.
Management estimates the project could cost $10 million to $12 million over three years if implemented, although the figures are preliminary and subject to a feasibility review.
Any deployment would require separate board approval and regulatory clearances.
