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Future FinTech and China Foundation of Consumer Protection Enter Into Cooperation Agreement to Use Blockchain Technology Against Counterfeit Products

by Cyberbizsource
February 12, 2021
in E commerce
0

NEW YORK, Feb. 12, 2021 /PRNewswire/ — Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “Firm”), a number one blockchain primarily based e-commerce enterprise and a fintech service supplier, introduced right this moment that, its wholly-owned subsidiary Chain Cloud Mall Community and Know-how (Tianjin) Co., Restricted (“CCM”) has signed a cooperation settlement with The Merchandise and High quality Week Journal, a information journal immediately owned by China Basis of Shopper Safety. The cooperation has a time period for 5 years, from February 1, 2021 to January 31, 2026. The Anti-Counterfeiting Committee of China Basis of Shopper Safety will arrange a “High quality and Security Workplace” and appoint Mr. Zhi Yan, the overall supervisor of CCM, because the deputy director of that workplace for a time period of 1 12 months, who can be answerable for constructing the standard and security credit score system for Chinese language manufacturers and enterprises beneath the “Accountable Model Plan”. The “Accountable Model Plan” can be formally launched in March 2021 and operated by the “High quality and Security Workplace” of the Anti-Counterfeiting Committee of China Basis of Shopper Safety.

Mr. Zhi Yan mentioned that: “The Accountable Model Plan will make full use of the actual identify primarily based blockchain anti-counterfeiting tracing expertise developed by CCM, which is not going to solely defend the respectable rights and pursuits of the enterprises and their manufacturers, but in addition impose  duty for his or her product’s high quality and security.”

China Basis of Shopper Safety was established in November 1989. It’s supervised by the State Owned Property Supervision and Administration Fee of the State Council of China. Its mission is to guard the curiosity of customers and implement its duty as a nonprofit client safety group beneath the Shopper Safety Legislation of China. One in all its essential tasks is to help and take part in anti-counterfeiting actions and clear up the patron merchandise market.

The Anti-Counterfeiting Committee of China Basis of Shopper Safety is the primary and the one nonprofit group that was accepted by the Ministry of Civil Affairs specializing in anti-counterfeiting in China. It was established in July 2000. It focuses on cracking down counterfeit and shoddy merchandise that hurt the rights and curiosity of customers.

About Future FinTech Group Inc.

Future FinTech Group Inc. (“Future FinTech”, “FTFT” or the “Firm”) is a number one blockchain e-commerce firm and a service supplier for monetary expertise included in Florida. The Firm’s operations embody a blockchain-based on-line shopping center platform, Chain Cloud Mall (“CCM”), a cross-border e-commerce platform (NONOGIRL), an incubator for blockchain primarily based utility tasks. The Firm can also be engaged within the improvement of blockchain primarily based expertise and providers in addition to monetary expertise providers. For extra info, please go to http://www.ftftex.com/.

Protected Harbor Assertion 

Sure of the statements made on this press launch are “forward-looking statements” inside the which means and protections of Part 27A of the Securities Act of 1933, as amended and Part 21E of the Securities Change Act of 1934, as amended, or the Change Act. Ahead-looking statements embody statements with respect to our beliefs, plans, targets, targets, expectations, anticipations, assumptions, estimates, intentions, and future efficiency, and contain recognized and unknown dangers, uncertainties and different components, which can be past our management, and which can trigger the precise outcomes, efficiency, capital, possession or achievements of the Firm to be materially completely different from future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. All statements apart from statements of historic truth are statements that may very well be forward-looking statements. You may determine these forward-looking statements by means of our use of phrases similar to “could,” “will,” “anticipate,” “assume,” “ought to,” “point out,” “would,” “consider,” “ponder,” “count on,” “estimate,” “proceed,” “plan,” “level to,” “venture,” “may,” “intend,” “goal” and different comparable phrases and expressions of the longer term.

All written or oral forward-looking statements attributable to us are expressly certified of their entirety by this cautionary discover, together with, with out limitation, these dangers and uncertainties described in our annual report on Type 10-Ok for the 12 months ended December 31, 2019 and our different experiences and filings with SEC. Such experiences can be found upon request from the Firm, or from the Securities and Change Fee, together with by means of the SEC’s Web web site at http://www.sec.gov. We’ve got no obligation and don’t undertake to replace, revise or right any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements in any other case are made.

SOURCE Future FinTech Group Inc.

Associated Hyperlinks

http://www.ftftex.com

— to www.prnewswire.com

Tags: AgreementBlockchainChinaConsumerCooperationcounterfeitEnterfintechFoundationfutureProductsProtectiontechnology
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