Factom, a blockchain-based data management solution, is going to integrate its technology with Ancun Zhengxin, a China-based electronic data notarization service.
"We are honoured to have the opportunity to work with Ancun Zhengxin. 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”, said Jack Lu CTO of Factom.
The companies said in a statement that Factom will offer advice and technical support as Ancun Zhengxin builds its blockchain strategy for its notarisation services for over 100 locations in 28 provinces across China.
Factom will provide Ancun Zhengxin with an application interface to blockchain for its back office operations and also build an application interface to integrate with the latter’s existing software systems. By leveraging Factom’s blockchain technology, Ancun Zhengxin will gain greater transparency and accountability while cutting costs.
“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”, said Bing He, who is responsible for the technology of Ancun Zhengxin.
Ancun Zhengxin, a subsidiary of Ancun Group, has partnerships with more than 100 notarial offices in China. Ancun has extensive experience in eight product types over a broad range of industries, including voice, email, documents, contracts, copyright, electronic government, medical data, instant messaging.
Factom recently collaborated with iSoftStone, technology consulting firm, to develop a blockchain strategy for a smart city solution.
