BEIJING, Aug. 1, 2018 /PRNewswire/ -- China Internet
Nationwide Financial Services Inc. (NASDAQ: CIFS) ("CIFS" or the
"Company"), a financial advisory services provider and financial
technology company today announced that its contractually
controlled and managed company, Sheng Ying
Xin (Beijing) Management
Consulting Co., Ltd., has signed an agreement with RIIT of Tsinghua
University to establish an Industry Trusted Blockchain Application
Technology Joint Research Center ("Research Center") with the
purpose of researching and developing 1) key technologies able to
support efficiency, safety, and longevity of the blockchain
ecosystem, 2) common architectural systems and development
models able to support trusted blockchain applications for a range
of industries.
Using artificial intelligence (AI), machine learning and big
data technology, the team of researchers from both CIFS and RIIT
will develop a series of enterprise-level blockchain applications
to address the challenges and needs that many corporations in
China are facing today. For
example, blockchain applications may be used to optimize
transitions, increase traceability and transparency within the
supply chain (upstream or downstream), track manufacturing process,
assembly, delivery, and maintenance of products with suppliers and
vendors. It can also be used to track agricultural products
from farmers to consumers to ensure product quality, alleviate food
safety issues and ensure fair pricing of produce and livestock.
Mr. Jianxin Lin, Chairman and
Chief Executive Officer of CIFS noted, "The establishment of the
Research Center is another important step forward and part of our
new business strategy to transform CIFS' business from a
traditional financial advisory service provider to a financial
technology ("FinTech") company. FinTech will be the main
driver of the next phase of our growth."
Mr. Lin added, "Using underlying technologies and algorithms,
our teams will research and build blockchain applications for
different business segments such as supply chain, agricultural
products, medical/pharmaceutical, logistics and so on.
Implementation of blockchain solutions provides companies across
industries with multiple benefits including a high degree of trust
for business transactions. Additionally, blockchain has the
potential to significantly improve our life as citizens, and change
the way we work and interact in our society."
Mr. Bin Yang, Vice President of Tsinghua University, noted, "The
development of industry-trusted blockchain application technologies
has become a vital national strategy for all countries. It is
an important goal for us to deeply build digital ecosystems, which
once integrated into our economy should speed up China's economic transition by upgrading the
industry standard. The digital transformation has only just begun
and the development of industry trusted blockchain applications is
expected to have a number of positive impacts for the society."
About Research Institute of Information Technology
(RIIT) of Tsinghua University
RIIT as part of the School of Information Science and Technology
(SIST) of Tsinghua University and a division of Tsinghua National
Laboratory for Information Science and Technology (TNLIST), is the
major force and central base of Tsinghua University's research and
development efforts in the area of information technology.
Established in 2003, RIIT consists of eight technology R&D
centers and multiple joint research labs cooperated with domestic
and foreign Enterprises.
RIIT also encourages multidisciplinary collaboration, stimulates
academic exploration, and facilitates talents exchange and
recruiting. It brings the most advanced research achievement and
technology development into SIST's course study and research
projects. The joint effort in scientific study and technological
innovation between RIIT and related academic departments as well as
laboratories will greatly benefit the students enrolled in SIST's
degree programs.
About China Internet Nationwide Financial Services
Inc.
Incorporated in 2014 and headquartered in Beijing, China Internet Nationwide Financial
Services Inc. provides financial advisory services, including
commercial payment advisory, intermediary bank loan advisory, and
international corporate financing advisory, to meet the financing
and capital needs of its clients, comprised largely of
small-to-medium sized enterprises. Beijing Anytrust Science &
Technology Co., Ltd. ("Anytrust") is a wholly owned subsidiary of
CIFS focusing on providing data infrastructure design, big data
access and analytics, and document automation for enterprises and
government agencies in China.
For more information about the CIFS and Anytrust, please visit
www.cifsp.com or www.anytrust.cn.
For more information contact:
Investor Relations
(China)
China Internet
Nationwide Financial Services, Inc.
ir@cifsp.com
+1 212
220-6998
|
Investor Relations
Service (US)
Lena Cati:
ir.us@cifsp.com
+1 212
836-9611
|
Forward Looking Statements
This news release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. All statements other than statements of historical fact
in this press release are forward-looking statements and involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
These forward-looking statements are based on management's current
expectations, assumptions, estimates and projections about the
Company and the industry in which the Company operates, but involve
a number of unknown risks and uncertainties, Further information
regarding these and other risks is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary statements.
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SOURCE China Internet Nationwide Financial Services Inc.