Factom Inc. and Ancun Zhengxin Co. have announced a partnership to integrate Factom's blockchain technology with Ancun Zhengxin’s electronic data notarization services in China. This partnership represents an opportunity for both parties to further its mission of enhancing integrity in information management. Factom will offer advice and technical guidance as Ancun Zhengxin shapes its blockchain strategy for its notarization services for more than 100 locations in 28 provinces across China.
“We are focused on providing our customers with a one-stop shop Internet technology solution, to meet their electronic data storage and notarization needs,” said Mr. Bing He, who is responsible for the technology of Ancun Zhengxin. “Through collaborating with Factom, we anticipate speeding up the process of providing blockchain technology based solutions to our customers, while helping the industry move to the next level in technology, information integrity and data security.”
The Internet continues to become an integral part of China’s economic infrastructure. This trend is characterized by an increasing amount of digital data that is embedded in business transactions, social development, technology progress, and international communication. With the increasing reliance on data storage it is important that this data is secured so it may be used correctly.
Ancun Zhengxin rose to the occasion with an important initiative: they offer a one-stop shop for electronic data storage and a notarization solution, aiming to establish order and trust in the digital world. Factom will provide Ancun Zhengxin with an application interface to blockchain for its back office operations and also build an application interface to integrate with Ancun Zhengxin’s existing software systems. These blockchain solutions will secure data history and timestamp Ancun Zhengxin's notarization service. By leveraging Factom's blockchain technology, Ancun Zhengxin will gain greater transparency and accountability while cutting costs.
“We are honored to have the opportunity to work with Ancun Zhengxin,” said Jack Lu CTO of Factom Inc. “They are a wonderful company that can guide us as we move ahead with our China strategy. Jointly we will build added security within online commerce and communication. This is an exciting opportunity, and we are looking forward to more collaborations in the future.”