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Nova Credit, Tianyancha, and CU Coding join forces to explore the development of the compliant cross-border transfer of public business information

On 23 November, Nova Credit China Holdings Co., Ltd., Beijing Tianyancha Technology Co., Ltd., and CU Coding Co., Ltd. signed a memorandum of understanding to leverage their respective qualification and advantages by joining forces in the research on cross-border transfer of public business information.

The parties will jointly conduct in-depth research on the credit business needs of enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area, especially for the cross-border data scenarios, including the solutions for cross-border transfer of public information and promoting the national standards. The collaboration aims to provide substantial data support for the high-quality development of the Greater Bay Area market through publicly available credit information.

The core technology behind is invented and researched in CUHK for the last 20 years and the completion project in the Areas of Excellence (AoE) of the UGC, which is recognized internationally for the state-of-the-art technology. THAMS Smart Contracts and nEdge-nCloud work together to provide fine-grained access control, permission management, and creation of an immutable audit trail for private S3 storage. Smart Contracts enable programmable logic, customizable rules, and auditing capabilities, while nEdge-nCloud enhances security and fault tolerance through encryption, secret sharing and network coding. Immutable record of access control actions on the THAMS blockchain, providing transparent and auditable permission management for private storage.

For details, please refer to the Chinese version.