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Future FinTech Group Inc. (FTFT) (“Future FinTech”, “FTFT” or “the Company”), a financial technology company and integrated producer of fruit-related products, today announced the adoption of QRO anti-counterfeit code on its global shared shopping platform – Chain Cloud Mall (CCM).

QRO code is a blockchain-powered unalterable Quick Response One (QRO) anti-counterfeit code issued by the manufacturer, which enables CCM to record every event or transaction on a distributed ledger and make the whole process traceable. The QRO code can ensure the authenticity of products and directly link manufacturers with their targeted customers as a way of precision marketing. CCM’s QRO plan provides one-stop blockchain service for manufacturers to issue their QRO codes. With the adoption of QRO code, manufacturers can conveniently review the trading volume with a real-time sales report and their production data. CCM also provide blockchain credits to the customers checking QRO anti-counterfeit code with the manufacturers for the products they purchase. The public, transparent and tamper-resistant characteristics of blockchaincredits can strengthen communications and contacts between consumers and manufacturers. Consumers can not only gain blockchain credits from buying products on CCM, but also from participating the promoting and other activities of the platform, such as using this new QRO code.

“The adoption of QRO anti-counterfeit code is an important step to distinguish Chain Cloud Mall from other shopping platforms. With the QRO code, manufacturers can easily and directly build trust with consumers. We believe the anti-counterfeit effort will attract more users and manufacturers to the CCM platform,” said Mr. YongkeXue, Chief Executive Officer and Chairman of Future FinTech.

 

SOURCE Future FinTech Group Inc.

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