Recently, the Bloackchain financial technology company Shuqin Technology Co.,Ltd.(hereinafter referred to as Shuqin) had development communication with Factom, discussed the purpose of further cross-border cooperation. Both sides have reached a strategic cooperation intention to promote the development of Blockcchian underlying technology, and Factom also said that Shuqin is the customer who uploading the maximum amount of data on Factom chain except itself. On the meetup, for the technical level, discussed the Blockchain technology issues about stability, synchronization, identity authentication, distributed storage and so on, and synchronized the development of alliance chain with abroad. The core developer Micheal of Factom also came to Shuqin for the technical guidance, prepared for a stable platform used to access to large data resources.

Factom is an infrastructure service provider for recording, verifying and auditing based on Blockchain, and stores the world’s data on a decentralized system. Using blockchain technology for smart contracts, digital assets and database integrity. The core technology that enables company to interact smoothly with data, improve efficiency, and make better decisions. And Factom software can plug into the existing systems with proven technology that can be deployed quickly and adapt to any domain. The application of Factom has far exceeded the scope of recording and management, and is being ued in copyright, education, taxation, government services and some other fields.

As for a Zhejiang local blockchain enterprise, Shuqin is devoting to solve the practical problem by blockchain technology with the core business on the financial service. Baoquan.com as the first product in electronic data attestation, applied the distributed and decentralized characteristics of blockchian technology to provide the one-stop service for enterprises and personal. Big data exchange centre as the core project, using blockchain technology to ensure the authenticity and safety of data sources, and achieve the transparency of chain-trading, then to realize the goal of real-time traceability for the data sources and trading information.

For this further cooperation, Factom gives full technical supports to optimize the scalability of blockchain technology, enhance the security recording and management of data. Shuqin is actively promoting the landing of big data project, but the large number of data also take great challenge for blockchain technology. In future, Shuqin will keep cooperation with Factom in technical and commercial fields, to accelerate the innovation of blockchain technology, promote the upgrading of products, perfect the construction of platform, then working for the efficient and safe financial service platform, further to build and maintain a honesty digital world together.