Yasheng Group (Overseas) News

March 27 2018 text below copied from the copied page from the Yasheng Group web pages
(if the text below seems familiar - it is. See the news for 2/24/2018 at
http://www.imagsts.com/YashengGroupNews39.html)
   
  YASHENG GROUP TO OFFER SUPPLY CHAIN MANAGEMENT
PLATFORM UTILIZING BLOCKCHAIN TECHNOLOGY TO BENEFIT
AGRICULTURAL INDUSTRY

Shanghai, China/ WIRESERVICE / February 15, 2018 / Yasheng Group
(OTCMarkets:HERB), a leading China based agricultural company is launching
a supply chain management partnership utilizing a cutting edge enterprise
BlockChain platform.

The management partnership involves our subsidiary, Empire Blockchain Corp
and the prolific cryptocurrency generator, First Bitcoin Capital Corp.

“As a major Chinese agriculture business, Yasheng Group encountered an
impediment: less-than-optimal agricultural supply chain channels. Already
familiar with the intricacies of diverse agricultural businesses, Yasheng quickly
recognized the business opportunity at hand. In its quest for a solution to
overcome difficulties associated with the industry’s supply chain inefficiencies
and bottlenecks, Yasheng subsidiary is partnering with First Bitcoin Capital to
develop and operate an enterprise-grade, BlockChain-based platform called
Agribloq (www.agribloq.com/- website in development) that will enable
agricultural companies globally to conduct more transparent and efficient
business transactions.

“AgriBloq will constitute the first BlockChain-based platform devoted entirely to
 serving agricultural industry supply chain needs. The project is designed to
address the cost constraints industry participants’ face in fluctuating commodity
 prices. Yasheng expects Agribloq users will realize cost and time savings while
 benefiting from the increased transparency offered by the BlockChain, enabling
them to more easily navigate the vicissitudes of an ever-evolving global market.”

Equipped with decades of diverse agricultural experiences, Yasheng Group
expects its subsidiary, Empire Blockchain, to identify practical applications of
Blockchain in the agriculture sector to capitalize on a more environmentally-
friendly system that will dramatically lower the cost per acre of production and
delivery, from seed to consumer. (continued)
   
Next March 28 2018
Prior March 26 2018
News Main news index
Scandals to the main Yasheng Group scandals page
Home Back to the I-MAG STS main page