Blockchain technology company Factom, Inc. and China-based Ancun Zhengxin have announced a partnership to integrate their technologies to further their missions of “enhancing integrity in information management,” according to a press release sent to CoinReport.
The partnership will integrate Factom’s blockchain technology with Ancun Zhengxin’s electronic data notarization services. Ancun Zhengxin currently operates in more than 100 locations in 28 provinces throughout China, and will receive advice and technical guidance from Factom as it develops its blockchain strategy.
“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 Bing He, who is in charge of Ancun Zhengxin’s technology. “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.”
“We are honored to have the opportunity to work with Ancun Zhengxin,” said Jack Lu, CTO of Factom. “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.”
China’s Economy and the Mission of Ancun Zhengxin
Ancun Zhengxin offers a one-stop shop for notarization and electronic data storage and aims to establish “order and trust within the digital world.” The company’s mission comes at a time when China’s economy is trending toward increasing amounts of digital data included in business transactions, international communication and more.
Specifically, Factom will do the following to help Ancun Zhengxin accomplish its goals:
- Provide an application interface to blockchain for the company’s back office operations.
- Build an application that will integrate with existing systems.
These solutions will secure data history and timestamp the company’s notarization service, and allow for increased accountability and transparency.
This partnership is the latest in Factom’s search to integrate with other platforms and services. In December, Microsoft Azure’s Blockchain-as-a-Service (BaaS) platform opened up its services to three technologies, including Factom.
Factom logo courtesy of Factom