NEW YORK, Jan. 7, 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 on December 31, 2020, China Copyright Protection
Center ("CCPC") has accepted the Company's application for ten
software copyrights relating to blockchain technology applications,
which the Company first submitted for CCPC's review in June
2020.
The Company has been developing and improving an
anti-counterfeiting and tracing system by using the blockchain
technology for its blockchain based e-commerce platform Chain Cloud
Mall (CCM). The system not only issues unique anti-counterfeiting
QR codes to trace the products and ensure their authenticity, it
also provides anti-counterfeiting points to consumers. After
consumers are rewarded with such points, they can receive discounts
and other benefits, and ultimately realize "no counterfeit in the
CCM, value-added shopping experience, and more traffic and business
for the stores in CCM."
With the research, development and improvement of software used
in the anti-counterfeiting and tracing system with the blockchain
technology, the Company has developed ten software with blockchain
technology that is apply for copyrights. They are: 1. blockchain
credit points discount settlement system; 2. blockchain credit
points circulation monitoring system; 3. legal currency and credit
points synchronization settlement system; 4. blockchain credit
points flow system; 5. agent automatic profit distribution system;
6. agent automatic tax deduction and accounting system; 7.
manufacturer automatic accounting system; 8. e-commerce and
blockchain anti-counterfeiting linkage system; 9. blockchain
discount and promotion automatic balance system; 10. blockchain
real-name authentication and legal responsibility system.
In recent years, blockchain applications have been more and more
used in the real life and daily economics, such as traditional
manufacturing, e-commerce, financial industry to save transaction
and labor costs, reduce the raw material consumption, simplify the
payment process.
Zhi Yan, General Manager of the
CCM said, "The system we built is simply a blockchain based credit
point reward and settlement center for our online shopping mall.
Anti-counterfeiting and rewarding system in e-commerce is only the
first application of this technology. Our supply chain system,
contract farming system, and order management system may also use
this technology. Our application of software copyrights will
protect our intellectual property rights and help us further
improve the blockchain based system of CCM."
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.
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SOURCE Future FinTech Group Inc.