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 know-how, immediately introduced that on February 26, 2021, the Firm obtained registration certificates for ten software program copyrights associated to blockchain know-how purposes issued by the China Nationwide Copyright Administration (“CNCA”). On December 31, 2020, the China Copyright Safety Heart of the CNCA accepted the Firm’s utility for these copyrights, which had been first submitted for assessment in June of 2020.
Mr. Shanchun Huang, Chief Govt 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 shopper reward factors programs. Further utility of those applied sciences will even improve our provide chain, contract farming and order administration programs. The software program copyrights will shield 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 fee know-how system,” Mr. Huang continued. “These software program purposes is also utilized in conventional manufacturing, e-commerce, the monetary business and financial fee programs which can considerably decrease transaction prices, cut back the consumption of human and materials assets and create a fee system that’s extra numerous and modernized. As well as, the software program purposes will successfully promote the development of an digital enterprise fee system and additional assist enterprises enhance efficiencies and cut back prices whereas making the usage of digital monetary companies extra in depth.”
The Firm has been growing and enhancing its anti-counterfeiting and tracing system through the use of blockchain know-how 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 gives 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 novel value-added procuring expertise encompassing a wide selection of companies with the peace of mind 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:
- A blockchain credit score factors low cost settlement system
- A blockchain credit score factors circulation monitoring system
- A authorized forex and credit score factors synchronization settlement system
- A blockchain credit score factors movement system
- An agent automated revenue distribution system
- An agent automated tax deduction and accounting system
- A producer automated accounting system
- An e-commerce and blockchain anti-counterfeiting linkage system
- A blockchain low cost and promotion automated steadiness system
- 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 know-how integrated in Florida. The Firm’s operations embody 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 improvement of blockchain based mostly e-Commerce know-how in addition to monetary know-how. For extra data, please go to http://www.ftftex.com/.
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SOURCE Future FinTech Group Inc.