Zhihuicn-Nirvana Chain and SANGSUNG Jointly Signed the MOU Strategic Cooperation Agreement

Wednesday, 08. December 2021 07:24

Shenzhen, China--(Newsfile Corp. - December 8, 2021) -  On November 24th, Zhihuicn blockchain technology project Nirvana Chain and SANGSUNG reached a strategic cooperation and signed the MOU strategic cooperation agreement. The two sides will jointly develop an ecosystem based on blockchain technology by combining their respective technological and ecological advantages. According to the agreement, the two sides will jointly build a tradable "digital gold platform" through cooperation and sharing of blockchain technology. Digitize gold through blockchain technology, turn real gold into a stable digital code that is convenient to transfer, provide a safe value exchange method for the public, and complete the digitization and tokenization of gold assets. TokenSGX, developed based on SAMSUNG Nirvana Chain public chain, is circulated and used as a digital currency when trading gold. Under the empowerment of blockchain technology, SGX makes gold trading decentralized, fair, transparent, efficient and convenient, which is of milestone significance to the whole gold market. Nirvana Chain provides a higher level of traceability and audit for gold trading, and provides tamper-free ownership records, making gold ownership clearer and more transparent. It provides a more mobile trading market for traders and investors, expands the trading depth of the gold market and increases the trading volume. At the same time, SAMSUNG will also use gold assets and funds for double value backing to build the SGX token system that anchors the value of physical gold. The cooperation between Zhihuicn-NirvanaChain and SANGSUNG will accelerate the development of digital transformation of gold and provide better digital gold trading services for users. This is a revolution that has come.

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