NEW YORK, Feb. 2, 2018 /PRNewswire/ -- Seven Stars
Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), announced
today a joint venture with Guangzhou Yongkai Industrial Co. Ltd.
for the continued development and upgrade of a global, artificial
intelligent & blockchain-based, digital asset management,
settlement and clearance network ("Quantum Network").
The Quantum Network, a principal component of the comprehensive
value hub Seven Stars Cloud is assembling, will be based on
technologies such as distributed networks and blockchain, and will
provide a fast, efficient and low-cost financial expressway for the
management, settlement and clearance of digital asset based
currencies as well as hard currency based banking settlement.
The Quantum Network, which is already up and running currently
for standard hard currency banking settlement and accepted by
several major banks in China and
Asian region, has transmission capability beyond just optical fiber
but mobile and low orbit satellites as well. Additionally, the
network will implement quantum encryption features in the second
half of 2018 in to order ensure the highest modern levels of
security for all communications and transactions, as privacy and
safety is a fundamental component of SSC's core services and
integral to the Seven Stars Cloud digital currency interchange
environment.
CONTACT:
Jason
Finkelstein
Seven Stars Cloud Group, Inc.
212-206-1216
About Seven Stars Cloud Group, Inc.
(http://www.sevenstarscloud.com/)
SSC is aiming to become a next generation Artificial-Intelligence (AI) & Blockchain-Powered,
Fintech company. By managing and providing an infrastructure
and environment that facilitates the transformation of traditional
financial markets such as commodities, currency and credit into the
asset digitization era, SSC provides asset owners and holders a
seamless method and platform for
digital asset securitization and digital currency tokenization and
trading.
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
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SOURCE Seven Stars Cloud Group, Inc.