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Investing.com -- Inno Holdings Inc (NASDAQ:INHD) stock surged 21.4% in premarket trading Monday after the company announced a strategic partnership with Megabyte Solutions Limited to integrate Web3 technology into its cross-border B2B marketplace platform.
The electronic products trading company signed a non-binding Memorandum of Understanding (MoU) with Megabyte, a Web3 technology service provider. Under the agreement, Megabyte plans to provide blockchain-based logistics and supply chain management solutions for Inno’s developing marketplace platform.
The collaboration aims to enhance transaction privacy, convenience, efficiency, and security for global users of the platform. Both companies also plan to launch a decentralized, blockchain-powered service model that integrates hardware and software to address B2B business supply chain and trade needs.
"We will join hands with MEGABYTE to develop new products and services based on blockchain and decentralized technologies, aiming to address the evolving needs and challenges in cross-border e-commerce and trade," said Ding Wei, CEO of Inno Holdings . "The signing of this MoU represents a pivotal step in INNO’s future development."
The partnership represents Inno’s strategic move to leverage emerging technologies in its business operations, potentially transforming its service offerings in the global e-commerce and trade sectors.
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