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The Metal Arts Company, Inc. Announces Change in Control and New Management
New York, NY - August 30, 2021 – The Metal Arts Company, Inc. (OTC Pink: MTRT)(“MTRT”) is proud to announce that on or about August 25, 2021, as a result of a private sale of 7,665,000 shares of common stock of MTRT, control of MTRT passed to Medium, Inc., a company incorporated under the laws of South Korea. A new board of directors of MTRT, consisting of Messrs. Pan Jong Kim, Kiwoon Biak, and Yunho Chung, were appointed. In addition the following individuals are now officers of MTRT: (i) Mr. Pan Jong Kim is now serving as chairman and chief executive officer, (ii) Mr. Kiwoon Biak is now serving as vice president and chief financial officer of MTRT, and (iii) Mr. Yunho Chung is now serving as vice president and secretary of MTRT. MRTR is still a shell company as that term is defined under Rule 405 of the Securities Act of 1933, as amended, and Rule 12b-2 of the Securities Exchange Act of 1934, as amended.
Medium to build ASEAN’s largest trade finance trading platform with China’s PeerSafe
Last 11Work, Medium is China’s leading blockchain solution company PeerSafe(PeerSafe)With the Bank of China Federation(CBA, China Banking Association)of CTFU(China
Trade Finance Union blockchain platform)Korea–It is reported that a business agreement has been signed to expand and build a trade finance transaction platform between China..
The agreement ceremony was held online at the head offices of both companies., In this event, Kim Pan-jong, representative of Medium, Peer-safe CEO Yatting(ANDán ting), PeerSafe’s technology subsidiary, Peercom, CEO Jicheongcheon(Jì chIt’sng chIt’sn)and CTO Changfeng(Zhang Feng) Attended this.
PeerSafe is the Ministry of Public Security issued by the Chinese government(Ministry of Public Security)Permission to sell information security products, Commercial cryptocurrency product classification certification, It is the only company to receive all three accreditations as software providers for central government agencies..
Also, 2018Named the best innovative company in China by Forbes 2019The Linux Foundation IBM, Accenture(Accenture) Etc all over the world 5Hyperledger authentication service provider that has been approved only for individual companies(HCSP, Hyperledger Certified Service Providers)Was also selected as.
PeerSafe is being built CTFUIs the world’s largest commercial and commercial bank of China(ICBC, Industrial and Commercial Bank of China)Including China Construction Bank, Consortium of China Bank Federation including Agricultural Bank of China and Bank of China 12It is the largest trading platform in which 10 banks participated..
this is 2018year 1China Construction Bank from March(CCB, China Construction Bank)Blockchain nothing that operatedAs a project triggered by a reverse financial platform, the purpose was to guarantee transaction details through a blockchain network, reduce remittance costs, and greatly improve work efficiency, just as bitcoin was used for foreign currency remittance between countries..
Based on this success, the Bank of China Federation(CBA)Is
2018year 12March to expand the construction bank’s trade finance platform to all over China. CTFU(China Trade Finance Union blockchain platform)Announced platform launch. 2018PeerSafe, who led the construction banking platform in 2012, was in charge of technical support and was the first foreign bank CBA Joining the consortium HSBCThe past 2020year 8Monthly payment for real-time interbank transactions(Forfaiting) Using the solution, the purchase of a letter of credit that took days 2~3Said it could be done in time.
2021Year current CTFU The platform chose Korea as a base for expanding the Asian region beyond mainland China. Korea–China-to-China trade finance transaction platform(CKTF, China Korea Trade Finance transaction platform)This project called 2018The concept and operation plan of the platform since, PeerSafe, which has led the overall technology of blockchain systems(PeerSafe)Is also holding the key, and Medium, a blockchain specialized company, has been selected as a technology partner in Korea..
The medium side “PeerSafe not only in Korea but also throughout ASEAN CTFU Hyperledger-based high-performance blockchain technology capable of expanding the platform was proposed as a partner selection criteria. 8Since January, it has been selected as the final partner through various performance verification processes.”He said.
Medium’s Blockchain Solution MDLLast year 10Including PeerSafe, a global IT To companies 15,000 TPSIt confirmed the above speed, which is the world’s best R3 Ropeof 617 TPS, Of hyperledger fabric 3,000TPSSuperior to.
Medium is a high-performance blockchain for stable operation and scalability of the platform. ‘MDL(Medium Distributed Ledger) Infrastructure provision’And system integrators ‘Technology exchange with Chinese companies’, Korea’s ‘Test bed role’Will lead the way. Also, yearly 2,434Billion dollars(about 265Trillion won)As long as it reaches–Consortium of banks of Korea was formed for stable linkage of Chinese trade transactions, and thousands were excessively consumed in international trade transactions., Plan to improve the cost structure of several trillion won.
