Home Blockchain Future FinTech Granted Blockchain Technology-Related Software Copyrights from the China National Copyright Administration

Future FinTech Granted Blockchain Technology-Related Software Copyrights from the China National Copyright Administration

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NEW YORK, March 4, 2021 /PRNewswire/ — Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter known as Future FinTech”, “FTFT” or “the Firm”), a number one blockchain e-commerce firm and a service supplier for monetary expertise, right this moment introduced that on February 26, 2021, the Firm obtained registration certificates for ten software program copyrights associated to blockchain expertise purposes issued by the China Nationwide Copyright Administration (“CNCA”). On December 31, 2020, the China Copyright Safety Middle of the CNCA accepted the Firm’s utility for these copyrights, which had been first submitted for evaluation in June of 2020.

Mr. Shanchun Huang, Chief Government Officer of Future FinTech, said, “We’re happy that we have now been granted the software program copyrights that are important to securing our blockchain based mostly e-commerce platform’s anti-counterfeiting and client reward factors techniques. Further utility of those applied sciences may even improve our provide chain, contract farming and order administration techniques. The software program copyrights will defend our mental property rights and assist us to additional enhance our blockchain based mostly e-commerce platform.”

“The software program copyrights marks the additional enchancment of the Firm’s blockchain based mostly credit score settlement and cost expertise system,” Mr. Huang continued. “These software program purposes may be utilized in conventional manufacturing, e-commerce, the monetary business and financial cost techniques which can considerably decrease transaction prices, scale back the consumption of human and materials sources and create a cost system that’s extra numerous and modernized. As well as, the software program purposes will successfully promote the development of an digital enterprise cost system and additional assist enterprises enhance efficiencies and scale back prices whereas making the usage of digital monetary companies extra intensive.”

The Firm has been creating and bettering its anti-counterfeiting and tracing system through the use of blockchain expertise for its e-commerce platform Chain Cloud Mall (“CCM”). CCM not solely points distinctive anti-counterfeiting QR codes to hint merchandise and guarantee their authenticity, it additionally offers anti-counterfeiting reward factors to shoppers who can use these factors to obtain reductions and different advantages. Most significantly, shoppers can take pleasure in a singular value-added procuring expertise encompassing a big selection of companies with the reassurance of no counterfeit exercise on the CCM mall.

Future FinTech’s ten software program using blockchain applied sciences for its e-commerce platform and anti-counterfeiting and tracing system are as follows:

  1. A blockchain credit score factors low cost settlement system
  2. A blockchain credit score factors circulation monitoring system
  3. A authorized forex and credit score factors synchronization settlement system
  4. A blockchain credit score factors movement system
  5. An agent computerized revenue distribution system
  6. An agent computerized tax deduction and accounting system
  7. A producer computerized accounting system
  8. An e-commerce and blockchain anti-counterfeiting linkage system
  9. A blockchain low cost and promotion computerized stability system
  10. A blockchain real-name authentication and obligation system

About Future FinTech Group Inc.

Future FinTech Group Inc. (“Future FinTech”, “FTFT” or the “Firm”) is a number one blockchain e-commerce firm and a service supplier for monetary expertise integrated in Florida. The Firm’s operations embrace a blockchain-based on-line shopping center platform, Chain Cloud Mall (“CCM”), a cross-border e-commerce platform (NONOGIRL), an incubator for blockchain based mostly utility tasks. The Firm can be engaged within the growth of blockchain based mostly e-Commerce expertise in addition to monetary expertise. For extra data, please go to http://www.ftftex.com/.

Secure Harbor Assertion

Sure of the statements made on this press launch are “forward-looking statements” inside the that means and protections of Part 27A of the Securities Act of 1933, as amended and Part 21E of the Securities Alternate Act of 1934, as amended, or the Alternate Act. Ahead-looking statements embrace statements with respect to our beliefs, plans, targets, objectives, expectations, anticipations, assumptions, estimates, intentions, and future efficiency, and contain recognized and unknown dangers, uncertainties and different components, which can be past our management, and which can trigger the precise outcomes, efficiency, capital, possession or achievements of the Firm to be materially completely different from future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. All statements apart from statements of historic reality are statements that could possibly be forward-looking statements. You may determine these forward-looking statements by way of our use of phrases equivalent to “could,” “will,” “anticipate,” “assume,” “ought to,” “point out,” “would,” “imagine,” “ponder,” “count on,” “estimate,” “proceed,” “plan,” “level to,” “mission,” “might,” “intend,” “goal” and different comparable phrases and expressions of the longer term.

All written or oral forward-looking statements attributable to us are expressly certified of their entirety by this cautionary discover, together with, with out limitation, these dangers and uncertainties described in our annual report on Type 10-Ok for the yr ended December 31, 2019 and in any other case in our SEC studies and filings, together with the ultimate prospectus for our providing. Such studies can be found upon request from the Firm, or from the Securities and Alternate Fee, together with by way of the SEC’s Web web site at http://www.sec.gov. We now have no obligation and don’t undertake to replace, revise or right any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements in any other case are made.

SOURCE Future FinTech Group Inc.


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