Blockchain
UA Multimedia Provides Business Updates on Crypto Exchange and NFT Marketplace
Irvine, California–(Newsfile Corp. – April 14, 2021) – UA Multimedia, Inc. (OTC Pink: UAMM), a holding company and solution provider in the area of blockchain, cryptocurrency, fintech and decentralized finance (DeFi), is pleased to provide updates on its crypto exchange and non-fungible token (NFT) marketplace.
The Company has reached an agreement to acquire via a stock swap a majority interest in an early stage Hong Kong based specialist crypto exchange. Due to the recent environmental changes in Hong Kong, the exchange entity is in the process of redomiciling. Initial plans to relocate to South Korea has been changed due to the anticipated high cost of compliance as the result of the updated Specific Financial Transactions Act announced there in late March. A new location has been identified and the registration process has been initiated.
The Company is actively working with the exchange to get established in the new location as well as expanding its features and service offerings. Additional information will be provided once the entity is settled and the transaction is consummated.
The Company is also exploring partnership opportunities with other exchanges as well as launching its own non-custodial or limited custodial exchanges in the future.
To capitalize on the burgeoning NFT market, the Company is pressing forward with its NFT initiatives. Effort is on-going with the development of an NFT marketplace which it plans to launch before the end of this quarter. The initial version will be geared towards digital arts with support for other types of collectibles to follow.
In addition to the NFT marketplace, the Company will host a platform catering to the NFT community where arts can be featured and connections between artists and collectors can be made. The platform is scheduled to go live sometime next month.
The Company is also making a shift in its business model whereby it will place more focus on developing its intellectual properties and supporting its own platforms than developing technology solutions for others. It is still active in listing and raising capital for crypto related projects as well as seeking for complementary businesses for mergers and acquisitions.
“The demands for major cryptocurrencies and the number of large companies adopting Bitcoin have been steadily increasing,” said Michael Lajtay, CEO of UA Multimedia. “As a result, we are seeing a boom in the crypto related businesses and as a blockchain company, we are well positioned to capitalize on this emerging growth.”
About UA Multimedia, Inc.
UA Multimedia, Inc. is a solution provider specializing in blockchain, cryptocurrency, fintech and decentralized finance (DeFi). It is also a holding company seeking to acquire domestic and foreign entities who are in the same space.
Company website: http://www.uammedia.com
Facebook: https://www.facebook.com/uamultimedia
Twitter: https://www.twitter.com/uamultimedia
Forward Looking Statements:
This 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 and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the Company and its management team. Some or all of the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management’s control. UA Multimedia, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Contact:
UA Multimedia, Inc.
Investor Relations
949.229.1208
[email protected]
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.
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