ZW Data Action Technologies Inc. (NASDAQ: CNET) stock plunged by 4.84% at the last close while the CNET stock price declines by 4.24% in the after-hours trading session. For corporate clients, ZW Data Action Technologies provides online advertising, precision marketing, data analytics, and other value-added operations.
CNET stock’ Recent Development
ZW Data Action Technologies has launched its Blockchain Integrated Framework platform for Non-Fungible Token and Decentralized Finance business applications.
The BIF automation platform will enable micro, small, and medium businesses with one-stop design, maintenance, and efficient administration of enterprise-level blockchain network and application services, with estimated market size of $150 billion in USD. BIF Platform’s investment- and development-light blockchain underpinning management service options enable MSMEs to swiftly undertake digital transformations and deploy NFT and DeFi solutions. BIF Platform’s blockchain technical advantages assure that corporate data is not tampered with throughout the storage process. Likewise, MSMEs may use trustworthy data to capture and oversee data for their company operations, gaining greater business value. In addition, the BIF Platform supports a variety of blockchain technology underpinnings, allowing for on-demand deployment with reliable data storage and transfer security.
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The BIF platform splits functions into high-quality APIs and SDKs, offering expansive, simple, and standardized tools for MSME users with various development requirements, effectively overcoming the challenges of high development cost, long process, low efficiency, and high risk in blockchain applications for MSMEs. The BIF Platform delivers process templates and framework encompassing the supply chain, risk control management, and other common activities to users without blockchain development capacity, lowering the cost of corporate blockchain operation and development while increasing advantages.
Handong Cheng, Chairman and CEO of ZW Data commented,
They’re thrilled to announce the introduction of their BIF Platform because they’re committed to building and delivering a digitized smart ecosystem and solution where all MSMEs can easily use safe blockchain-powered technology and apps to quickly adapt to various business circumstances. They will strive to focus on the development of their blockchain technology and infrastructure in order to give complete solutions to all of their users with varying demands in the future.
