Seize New Growth Opportunities by Utilizing Blockchain and Big Data
Powerbridge Technologies Co., Ltd., a SaaS solutions and blockchain applications provider, is pleased to announce that it has established a new wholly-owned subsidiary, Powerstream Supply Chain Co., Ltd. (“Powerstream”), to target new growth opportunities in supply chain, retail sector, new media and e-commerce.
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Powerstream is creating a technology enabled supply chain financing platform and ecosystem by utilizing blockchain and big data, involving enhanced retail, new media, and live streaming s-commerce. The Powerstream platform integrates online and offline sales and supply chain into a new dynamic retail world.
The Powerstream platform solidifies the business value chain and promotes real-time sharing of resources and information among the varying participants in the supply chain. It also improves the efficiency of capital turnover by using an innovative closed-loop capital service model.
During 2021, Powerstream collaborated with Suddenly a Week Brand Management (“Suddenly a Week”), a rising retail company, to help build and manage its new retail ecosystem. Suddenly a Week is improving its business model to a seamless online/offline omni-channel for retail stores, which is expected to enhance consumption experience and purchasing behavior.
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“We discover new opportunities in retail sector by extending the merchandise scope and enhancing consumption experience with blockchain and big data. Powerstream is created with cutting-edge technology to improve the value chain of goods, help integrate resources, enhance operational efficiency and promote revenue growth.” said Stewart Lor, President of Powerbridge.
Stewart Lor added: “Our recent success in Suddenly a Week is a great practice to the integration of big data, blockchain, and fintech services in the retail sector. We are enthusiastic about Powerstream’s future, and its revenue contribution is expected to reach $100 million in the next 24 months. We will keep working on developing additional innovative business models with high growth potential and high returns.”
