ChinaNet Online Holdings Forms Blockchain-Powered Business Opportunity Social Ecosystem

ChinaNet-Online Holdings (NASDAQ:CNET) has announced the formation of its closed loop business opportunity social ecosystem, which is a blockchain-powered marketing and advertising transaction system.

As quoted in the press release:

BOSE is developed on the Company’s Business Opportunity Chain (BOC) as a network that integrates the Company’s existing marketing and advertising infrastructures with its blockchain-powered business opportunity transaction platforms such as BOH. The network is designed to address the problems that occur in modern advertising and marketing activities such as the fair distribution and monetization of business opportunities. The network will also improve the credibility of enterprises through the verification of sales leads and transactions. In addition, BOSE aims to create value for and improve the trust between commercial institutions, third party service providers, enterprises and the average consumers with the circulation of Martingale Bonus Points (MBP). MBP are rewarded to credible participants for their content contribution or network-wide interactions.

Mr. Handong Cheng, Chairman, and Chief Executive Officer of CNET, commented, “We are excited to introduce the concept of BOSE, which marks an important milestone in our path to create a secure and transparent transaction environment for our users. This is achieved by utilizing our strong research and development capabilities to implement blockchain technologies such as the distributed ledger technology and cryptographic hash functions. These were the core technologies upon which we developed the first blockchain-powered mobile application called Business Opportunity Headline, or BOH, in the ecosystem. We are encouraged by the positive feedback that we have gathered so far. Going forward, we will remain committed to introducing and integrating additional blockchain-based products into our ecosystem, including the next version of CloudX. We are confident that BOSE will position us at the forefront of the rapidly growing blockchain industry in China.”

Click here to read the full press release.