NEW YORK, March 4, 2021 /PRNewswire/ -- Future FinTech
Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as Future
FinTech", "FTFT" or "the Company"), a leading blockchain e-commerce
company and a service provider for financial technology, today
announced that on February 26, 2021,
the Company received registration certificates for ten software
copyrights related to blockchain technology applications issued by
the China National Copyright
Administration ("CNCA"). On December 31,
2020, the China Copyright
Protection Center of the CNCA accepted the Company's
application for these copyrights, which were first submitted for
review in June of 2020.
Mr. Shanchun Huang, Chief Executive Officer of Future
FinTech, stated, "We are pleased that we have been granted the
software copyrights which are essential to securing our blockchain
based e-commerce platform's anti-counterfeiting and consumer reward
points systems. Additional application of these technologies will
also enhance our supply chain, contract farming and order
management systems. The software copyrights will protect our
intellectual property rights and help us to further improve our
blockchain based e-commerce platform."
"The software copyrights marks the
further improvement of the Company's blockchain based credit
settlement and payment technology system," Mr. Huang continued.
"These software applications could also be used in traditional
manufacturing, e-commerce, the financial industry and monetary
payment systems which may substantially lower transaction costs,
reduce the consumption of human and material resources and create a
payment system that is more diverse and modernized. In addition,
the software applications will effectively promote the construction
of an electronic enterprise payment system and further help
enterprises improve efficiencies and reduce costs while making the
use of digital financial services more extensive."
The Company has been developing and improving its
anti-counterfeiting and tracing system by using blockchain
technology for its e-commerce platform Chain Cloud Mall ("CCM").
CCM not only issues unique anti-counterfeiting QR codes to trace
products and ensure their authenticity, it also provides
anti-counterfeiting reward points to consumers who can use these
points to receive discounts and other benefits. Most importantly,
consumers can enjoy a unique value-added shopping experience
encompassing a wide array of businesses with the assurance of no
counterfeit activity on the CCM mall.
Future FinTech's ten software utilizing blockchain technologies
for its e-commerce platform and anti-counterfeiting and tracing
system are as follows:
- A blockchain credit points discount settlement system
- A blockchain credit points circulation monitoring system
- A legal currency and credit points synchronization settlement
system
- A blockchain credit points flow system
- An agent automatic profit distribution system
- An agent automatic tax deduction and accounting system
- A manufacturer automatic accounting system
- An e-commerce and blockchain anti-counterfeiting linkage
system
- A blockchain discount and promotion automatic balance
system
- A blockchain real-name authentication and legal responsibility
system
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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through our use of words such as "may," "will," "anticipate,"
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All written or oral forward-looking statements attributable
to us are expressly qualified in their entirety by this cautionary
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 otherwise in our SEC reports and filings,
including the final prospectus for our offering. 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.