NEW YORK, Feb. 17, 2021 /PRNewswire/ -- Future FinTech
Group Inc.(NASDAQ: FTFT, "Future Fintech", "FTFT" or "Company"), a
leading blockchain based e-commerce company and a financial
technology service provider, announced today that its
wholly-owned subsidiary, Future Commercial Group Co., Ltd., has
cooperated with the School of Economics Finance of Xi'an Jiaotong
University to establish a blockchain finance research
institute.
Future Fintech and the School of Economics and Finance of Xi'an
Jiaotong University will cooperate to jointly establish the
Blockchain Finance Institute, which will carry out research and
cooperation on blockchain technology in the financial industry. At
the same time, the Blockchain Finance Institute will set up a
foundation for establishing school-enterprise cooperation
post-doctoral mobile stations for the next step. The two parties
will focus on the research of blockchain technology in banking,
insurance, securities, futures, supply chain finance, digital
payment etc. FTFT will provide funds for scientific research, while
Xi'an Jiaotong University will provide scientific and engineering
research personnel. Relevant research results will be shared by
both parties.
According to Mr. Shanchun Huang,
the CEO of FTFT, "Xi'an Jiaotong University is a comprehensive
national key university with a history of 125 years. Its leading
scientific research is outstanding in China, especially in mathematics, finance and
computing. The cooperation with Xi'an Jiaotong University indicates
that our company has taken the application research of blockchain
technology to a new level. The development of our company's
blockchain technology has been on the right track gradually.
Blockchain technology can solve the problem of customer fund
security in the financial field. It can improve the speed and
efficiency of banking, remittance and settlement, as well as the
prevention of systematic risk from malicious short-selling in
securities transactions. It can solve the problems which cannot be
solved by traditional technologies. Our company will work with
Xi'an Jiaotong University to explore more applications in the
financial blockchain field, and to further promote the company's
research and development to the world's leading level."
Professor Fuyou Li, the director of the Institute of Financial
System and Economic Policy, PhD supervisor of Xi'an Jiaotong
University, said that "As the independent director of the FTFT, I
am very happy to build a bridge for the cooperation between the two
parties. I believe the blockchain finance research
institute will be an open platform. The two parties will
actively carry out experiments of blockchain-related applications.
Meanwhile, we will jointly build laboratories in the subdivisional
fields of blockchain technology so that it can better serve
economic development and benefit mankind."
Professor Zao Sun, the doctoral
supervisor and dean of the School of Economics and Finance of Xi'an
Jiaotong University highly agrees with this collaboration and
believes that the cooperation between the school and enterprise is
great. This will realize the combination of theory and practice by
"going out and coming in". It can provide a full play to their
respective advantages, offer opportunities and platforms for the
development of both parties, and achieve a win-win situation.
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the
"Company") is a leading blockchain e-commerce company and a
service provider for financial technology incorporated
in Florida. The Company's operations include a
blockchain-based online shopping mall platform, Chain Cloud Mall
("CCM"), a cross-border e-commerce platform (NONOGIRL), an
incubator for blockchain based application projects. The Company is
also engaged in the development of blockchain based e-Commerce
technology as well as financial technology. For more information,
please visit http://www.ftftex.com/.
Safe Harbor
Statement
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended, or the
Exchange Act. Forward-looking statements include statements with
respect to our beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance, and involve known and unknown risks, uncertainties and
other factors, which may be beyond our control, and which may cause
the actual results, performance, capital, ownership or achievements
of the Company to be materially different from future results,
performance or achievements expressed or implied by such
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notice, including, without limitation, those risks and
uncertainties described in our annual report on Form 10-K for the
year ended December 31, 2019 and our other reports and
filings with SEC. Such reports are available upon request from the
Company, or from the Securities and Exchange Commission, including
through the SEC's Internet website at http://www.sec.gov. We
have no obligation and do not undertake to update, revise or
correct any of the forward-looking statements after the date
hereof, or after the respective dates on which any such statements
otherwise are made.
SOURCE:
Future FinTech Group Inc.
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SOURCE Future FinTech Group Inc.