NEW YORK, Dec. 22, 2017 /PRNewswire/ -- Seven Stars
Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), Chairman
and CEO Bruno Wu announced today a
brief update on the Company's vision, and specifically
on how it relates to Blockchain:
"Seven Stars Cloud is a next-generation Artificial Intelligence
and Blockchain-Powered Financial Technology Company that offers
supply chain and digital finance solutions aiming to disrupt and
consolidate supply chain finance, risk management and asset-backed
digital securitization. Focusing on Blockchain for a moment I
want to be very clear and concise on how Blockchain is powering
Seven Stars Cloud business models."
"With any game-changing emerging technology there is always an
adoption curve but also a steep learning curve. Throughout
history, from the wheel, to the printing press, to the internal
combustion engine, to the internet, to smartphones, this has always
been the case and will continue to be so until the end of
time. In the case of the ingenious technology, Blockchain, a
major part of the learning curve has to do with Blockchain's
seemingly tethered existence to Bitcoin. It is therefore not
difficult to comprehend why the terms 'Blockchain' and 'Bitcoin'
often get confused since Blockchain serves as a platform for
cryptocurrencies; without Blockchain there would be no
Bitcoin."
"However, Seven Stars Cloud is in no way a Bitcoin-related
company and it must be highlighted that the opportunities and
possibilities of Blockchain extend far beyond the world of
cryptocurrencies. Although initially created for Bitcoin,
Blockchain provides a more secure and transparent way of managing
all kinds of data and therefore, the numerous applications and uses
of this technology are infinite. What makes Blockchain unique
is that it does not require an intermediary to overlook
transactions, the digital database is itself dispersed and
decentralized, it can run on numerous computers and it can be
updated in real-time. Combining all of these features makes
Blockchain much more resistant to cyber-attacks and reduces certain
institutional and systemic risks that occur in all facets of
business."
"In this case of Seven Stars Cloud, we are applying Blockchain
and Artificial Intelligence to create a hybrid solution for supply
chain finance, risk management and asset-backed digital
securitization. And these are only the first massive
opportunities and markets we are targeting, with more plug and play
opportunities to be announced in 2018."
"With the highly experienced, cross-generational, multinational
and complementary-skilled management team that has been assembled,
led by myself and President & Chief Revenue Officer
Robert Benya, Seven Stars Cloud is
primed for continued growth through the evolution of the
applicability of our technology and offerings, both far and
wide."
http://www.sevenstarscloud.com/
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
CONTACT:
Jason Finkelstein
VP, Investor
Relations
Seven Stars Cloud Group,
Inc.
212-206-1216
@sevenstarscloud
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SOURCE Seven Stars Cloud Group, Inc.