SUIC Director, the Intel Grand Prize Awardee, His Proprietary SoundNet Technology That Has Been Adopted by Oracle Taiwan LLC, is Planning to Collaborate with Oracle Taiwan in the Joint Development of Advanced Solutions for Global Supply Chain Finance, Fintech and DeFi Smart Contract Solutions

Rhea-AI Summary

Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) is set to collaborate with Oracle Taiwan LLC to develop Advanced Solutions for Global Supply Chain Finance, Fintech, and DeFi Smart Contract Solutions. This partnership aims to address supply chain disruptions exacerbated by the pandemic. SUIC acknowledges Oracle's leadership in the cloud ERP market, with notable subscription revenue growth. With this collaboration, SUIC aims to provide innovative and transformative financial solutions, leveraging Oracle's cloud computing capabilities.

Positive

• Collaboration with Oracle Taiwan could enhance SUIC's market position in fintech and supply chain solutions.
• Oracle's strong performance in cloud ERP may provide SUIC with valuable technological advantages.

Negative

• None.

NEW YORK, NY and TAIPEI, TAIWAN / ACCESSWIRE / April 20, 2021 / Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC), a New York based Fintech firm is looking forward to collaborate with Oracle Taiwan LLC, the world's largest database management company, in spearheading innovative solutions for Global Supply Chain Finance, Fintech and DeFi Smart Contract Solutions.

SoundNet Technology and Oracle Taiwan first collaborated in December 2016 during the Oracle Cloud Day program, in which SoundNet Technology app was used for its program registration and other related Oracle activities, and is still being used by Oracle until today.

SUIC recognizes that Oracle's rapidly growing, highly-profitable, multi-billion-dollar Cloud ERP businesses are still leading the ERP market, with subscriptions revenues increasing steadily, especially as their Gen2 Cloud Infrastructure business amplified the group's revenue at a rate in excess of 100% in the recent reported quarter. (Source: Oracle Corporation).

SUIC is planning to work with Oracle Taiwan in the joint development of Advanced Solutions for Global Supply Chain Finance, Fintech and DeFi Smart Contract Solutions, to support the full lifecycle of supply chain, providing revolutionary solutions to correct the disruption in global supply chain during this pandemic period and beyond. SUIC believes that DeFi will pave the way to greater diversity and fair competition in the financial system, global trade, and international payments, among others, leveraging the recent innovation to its superior and highly transparent Smart Contract solutions and most importantly, optimized by Oracle's exceptional and unparalleled cloud computing power, aiming for seamless integration to our corporate customer's third-party applications.

Director Joa Chen Gu-Feng states, "SUIC and SoundNet Technology are at the forefront of this transformative era, embracing rapid changes in the business world as we launch our latest DeFi and Smart Contract solutions and digital services that will minimize the risk of arbitrary intervention in the Global Supply Chain Finance."

About Sino United Worldwide Consolidated Company

The Sino United Worldwide Consolidated Company provides research and development, venture financing for and investing in private enterprises and the public sector that develop products and services adopting core capabilities of the Internet of Things, cloud computing, mobile payment, Big Data, Blockchain, and Artificial Intelligence, to enhance and streamline existing processes, and establish new and exciting business models that will create revolutionary products and services. Shareholders of SUIC will be exposed to the diverse application of advanced services in various parts of the economy. Additionally, existing and potential customers can benefit from this company's diversified portfolio of technologies. As one of the pioneering publicly traded technology companies, SUIC will help build tech-enabled businesses of the future. To learn more, please visit www.sinounitedco.com.

Forward-Looking Statement

Certain the information set forth herein contains "forward-looking information", including "future-oriented financial information"; and "financial outlook" under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development, or otherwise under consideration; (vi) renewal of the Company's current agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.

These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.

Although forward-looking statements contained herein are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Contacts
Sino United Worldwide Consolidated Ltd.
New Release Department
929-391-2550

SOURCE: Sino United Worldwide Consolidated Ltd.

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FAQ

What is the collaboration between SUIC and Oracle Taiwan about?

SUIC is collaborating with Oracle Taiwan to develop Advanced Solutions for Global Supply Chain Finance and DeFi Smart Contract Solutions.

How could the partnership with Oracle impact SUIC's operations?

The partnership could enhance SUIC's technological capabilities, allowing for innovative solutions in fintech and supply chain management.

What areas will SUIC and Oracle focus on together?

They will focus on solutions for Global Supply Chain Finance, Fintech, and DeFi Smart Contracts.

What financial performance has Oracle achieved that benefits SUIC?

Oracle has seen subscription revenues grow, particularly in its Gen2 Cloud Infrastructure business, which could benefit SUIC's collaborative efforts.