ZW Data Action Technologies Inc. Launches its Blockchain Infrastructure Platform for Business Applications on NFT and DeFi
October 07 2021 - 7:30AM
ZW Data Action Technologies, Inc. (Nasdaq: CNET) ("ZW Data" or the
"Company"), an integrated online advertising, precision marketing,
data analytics, and other value-added services company, today
announced the launch of its Blockchain Integrated Framework (“BIF”)
platform for business applications of Non-Fungible Token (“NFT”)
and Decentralized Finance (“DeFi”).
With a projected market size of 150 billion dollar
in USD, the BIF automation platform (“BIF Platform”) is to provide
micro, small and medium enterprises (“MSMEs”) one-stop
creation, development, efficient management, intelligent operations
and maintenance of enterprise-level blockchain network and
application services. The investment-light and development-light
blockchain underlying management service solutions provided by BIF
Platform enable MSMEs to quickly implement digital transformations
and adopt solutions of NFT and DeFi. The blockchain technical
advantages owned by BIF Platform ensure that business data will not
be tampered during the storage process. Meanwhile, MSMEs can record
and supervise data for their business processes and gain more
business value based on the trusted data. In addition, the BIF
Platform supports various blockchain technology underlay, which
enables on-demand deployment with guaranteed safety and security of
data storage and transfer.
The BIF platform divides functions into
high-quality APIs and SDKs, providing expansive, easy and
standardized tools for MSME users with different development needs,
successfully solving the difficulties of high development cost,
long process, low efficiency and high risk in blockchain
applications to MSMEs. Users without blockchain development
capability, the BIF Platform provides process templates and
framework covering the supply chain, risk control management and
other common functions to minimize the cost of enterprise
blockchain operation and development and achieve increased
benefits. More information about the BIF Platform can be found on
the website: https://www.zwbif.com/.
“We are excited about the launch of our BIF
Platform, as we are unwavering in creating and providing a
digitized smart ecosystem and solution where all MSMEs could easily
access secured blockchain-powered technologies and applications to
rapidly adapt to different business scenarios. Going forward, we
will continue focusing on the development of our blockchain
technology and infrastructure to provide comprehensive solutions to
all our users with various needs,” commented Handong Cheng,
Chairman and Chief Executive Officer of ZW Data.
About ZW Data Action Technologies
Inc.
Established in 2003 and headquartered in
Beijing, China, ZW Data Action Technologies Inc. (the “Company”)
offers online advertising, precision marketing, data analytics and
other value-added services for enterprise clients. Leveraging its
fully integrated services platform, proprietary database, and
cutting-edge algorithms, ZW Data Action Technologies delivers
customized, result-driven business solutions for small and
medium-sized enterprise clients in China. The Company also develops
blockchain and artificial intelligence enabled web/mobile
applications and software solutions for general public, enterprise
clients, and government agencies. More information about the
Company can be found at: http://www.zdat.com/.
Safe Harbor Statement
This release contains certain "forward-looking
statements" relating to the business of ZW Data Action
Technologies Inc., which can be identified by the use of
forward-looking terminology such as "believes," "expects,"
"anticipates," "estimates" or similar expressions. Such
forward-looking statements involve known and unknown risks and
uncertainties, including business uncertainties relating to
government regulation of our industry, market demand, reliance on
key personnel, future capital requirements, competition in general
and other factors that may cause actual results to be materially
different from those described herein as anticipated, believed,
estimated or expected. Certain of these risks and uncertainties are
or will be described in greater detail in our filings with the
Securities and Exchange Commission. These forward-looking
statements are based on ZW Data Action
Technologies Inc.’s current expectations and beliefs
concerning future developments and their potential effects on the
Company. There can be no assurance that future developments
affecting ZW Data Action Technologies Inc. will be those
anticipated by ZW Data Action Technologies Inc.. These
forward-looking statements involve a number of risks, uncertainties
(some of which are beyond the control of the Company) or other
assumptions that may cause actual results or performance to be
materially different from those expressed or implied by such
forward-looking statements. ZW Data Action Technologies
Inc. undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
For more information, please
contact:
Sherry
Zheng Weitian Group
LLCEmail: shunyu.zheng@weitian-ir.comPhone: +1 718-213-7386
ZW Data Action Technolog... (NASDAQ:CNET)
Historical Stock Chart
From May 2024 to Jun 2024
ZW Data Action Technolog... (NASDAQ:CNET)
Historical Stock Chart
From Jun 2023 to Jun 2024