Markets

Nova LifeStyle Partnership Brings Blockchain to Furniture Market

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Nova LifeStyle, Inc., a U.S.-based designer, manufacturer and distributor of modern LifeStyle furniture, has announced it has partnered with www.weilai178.com, an online market site serving more than 2 million customers, based on blockchain payments and blockchain technology.

The company intends to purchase weilai178’s membership data system, which it will incorporate into its training centre platform. This is expected to further drive growth of Nova LifeStyle’s e-commerce strategy for the company’s furniture lines. In turn this will allow Nova LifeStyle to benefit from an established digital market site, provide products and customer service through e-commerce as well as business training, investing and developing new technologies for the Blockchain industry.

Tawny Lam, President and Interim CEO of Nova LifeStyle stated, “Nova LifeStyle is pleased to be able to initiate sales and services efforts to millions of existing Blockchain customers, which provides a natural evolution of our e-commerce strategy. This partnership will substantially help Nova to gain additional revenue growth while concurrently reducing the transaction costs. This business arrangement marks an important milestone in Nova’s corporate history and our successful transition into a company utilizing Blockchain-based technology.”

 

Matthew Warner
Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.