Powerbridge Technologies Enables Supply Chain Transparency and Traceability with Blockchain Technology

Rhea-AI Summary

Powerbridge Technologies (PBTS) announced the completion of its Blockchain Supply Chain Traceability Platform's design and development, now entering multi-consumer industry applications. This platform combines Blockchain, AI, and big data to ensure product traceability and supply chain transparency using a 'one product - one code' approach, combating counterfeit goods and protecting consumer rights. President Stewart Lor emphasized the platform's role in enhancing efficiency and building consumer trust.

Positive

• Completion of Blockchain Traceability Platform design and development.
• Integration of Blockchain, AI, and big data for improved supply chain transparency.
• Potential to enhance consumer trust and brand protection.

Negative

• None.

ZHUHAI, China, Sept. 13, 2021 /PRNewswire/ -- Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the "Company"), a SaaS solutions and Blockchain applications provider, today announced it has completed the design and development of the technology infrastructure of its Powerbridge Blockchain Supply Chain Traceability Platform (the "Blockchain Traceability Platform"), which is now at the multi-consumer industry applications development stage.

The Blockchain Traceability Platform integrates Blockchain technologies with big data and AI, to collect transaction data and track the entire supply chain with a "one product - one code" system, thus achieving supply chain transparency and traceability from product production to distribution logistics to business transactions. It effectively prevents circulation of counterfeit and inferior products and enables the protection of corporate brands and consumer rights.

"By increasing the efficiency of the supply chain with full traceability of consumer products, our platform can prevent consumer-deceiving product information, and in the process can help merchants build and maintain consumer trust and confidence," said Stewart Lor, President of Powerbridge Technologies.

About Powerbridge Technologies

Powerbridge Technologies Co., Ltd., a growth-driven technology company is primarily engaged in SaaS solutions and Blockchain applications. Powerbridge SaaS integrates AI, Big data, and IoT offering SaaS platforms for cross-border eCommerce, supply chain, data intelligence, and IoT applications and devices. Powerbridge Blockchain consists of BTC and ETH mining and digital assets, IPFS distributed network services, and industry-specific Blockchain applications. For more information, visit www.powerbridge.com/ir.

Safe Harbor Statement 

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements; specifically, the Company's statements regarding listing on the NASDAQ Capital Market and the IPO are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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SOURCE Powerbridge Technologies

FAQ

What is the purpose of Powerbridge Technologies' Blockchain Traceability Platform?

The platform aims to improve supply chain transparency and traceability using Blockchain technology, AI, and big data to prevent counterfeit goods.

When did Powerbridge Technologies announce the completion of its Blockchain Traceability Platform?

Powerbridge Technologies announced the completion on September 13, 2021.

How does the Blockchain Traceability Platform help in supply chain management?

It provides a 'one product - one code' system that ensures full traceability from production to distribution, enhancing transparency.

What technologies does the Blockchain Traceability Platform integrate?

The platform integrates Blockchain technologies with AI and big data.

What company is behind the Blockchain Supply Chain Traceability Platform?

The platform is developed by Powerbridge Technologies, traded under the stock symbol PBTS.