Markets

Blockchain Sharing Economy Open Platform Under Development Through New Partnership

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Sharing Economy International, Inc. has announced that its wholly-owned subsidiary, EC Technology & Innovation Limited, has entered into an exclusivity agreement with Shanghai Ganqu Network Technologies Limited, regarding a cooperation for the development of blockchain technologies and applications, as well as a blockchain-powered sharing economy platform allowing access to third-party applications.

Ganqu has extensive experience in developing blockchain-enabled solutions in different areas, ranging from gaming, ticketing and notary services to financial and insurance services. Moreover, Ganqu has developed a blockchain-enabled platform ‘Hexin’, which provides a cloud-based blockchain functional platform that allows application developers to make use of blockchain technologies with minimal effort and much faster deployment time to the market.

Parkson Yip, COO of SEII, commented: “With their solid experience in blockchain applications Ganqu will provide us with strong technical advice and support as we integrate blockchain solutions into our sharing economy ecosystem. Blockchain is still a new technological concept, with many parties embracing it and experimenting with how to use it effectively. By partnering with Ganqu, a firm with practical experience in applying blockchain solutions across different industries, we are confident we can complete the development of our own “Sharing Blocks” solution at a very high standard of quality. As with any new technology, there are pros and cons associated with blockchain. We plan to make the best use of this technology to provide a convenient, safe, autonomous, and trustful sharing economy platform and applications.”

Through its affiliated companies, Sharing Economy International Inc. designs, manufactures and distributes a line of proprietary high and low temperature dyeing and finishing machinery to the textile industry. The company’s latest business initiatives are focused on targeting the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. additionally, it is actively pursuing the application of blockchain technologies in its existing and to-be-acquired businesses, better enabling the general public to realize resource sharing.

Shanghai Ganqu Network Technologies Limited, a subsidiary of Wanxiang Blockchain, is mainly engaged in the development of blockchain platform solutions to enable more transparent, secure, reliable and trustful gaming experience.

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.