Taipei City, Taiwan, April 03, 2018 (GLOBE NEWSWIRE) -- NowNews Digital Media Technology Co., Ltd. ("NDMT" or the “Company") (OTCQB: NDMT), a media company that provides news and multimedia platform services, is pleased to announce that its majority-owned subsidiary, NOWnews Network Co. Ltd. (“NOWnews”), agreed to cooperate with Grace Intelligent Blockchain Technology Co. Ltd. to build blockchain based media platform.
NOWnews will build a brand new decentralized blockchain based media platform. On this platform, the online network users will be divided into four roles: author, reviewer, reader, and storage provider. On this decentralized platform, people from all over the world can become authors and publish local news.
"Caring for the young generation, public welfare and the truth in media have always been one of our biggest focuses. Using blockchain technology as a tool can help us better achieve this goal，" says Shang-Hong Lin, executive director of NOWnews. "We believe the blockchain based platform will ultimately reform the traditional media industry."
About NowNews Digital Media Technology Co. Ltd.
NowNews Digital Media Technology Co. Ltd. is a U.S.-listed media holding company focusing on the global Chinese market. The Company's holdings in the media space include digital media, movie production and distribution, and music copyright. The digital media business engages in creating, collecting and distributing news and information through its website and applications on mobile phones or tablets. The Company’s subsidiary NOWnews is the largest online self-produced news content provider of Taiwan and the only Taiwanese online news website fully accessible in Mainland China. The movie production and distribution business engages in Internet movie, Internet drama and Internet show production, foreign movie import and production, movie marketing and advertising, and Internet personality business. The Company’s music copyright business owns copyright to more than 3000 hit pop songs and provides a full range of Karaoke products. In addition, the Company has investments in the banking industry in Southeast Asia.