Shineco Forms Strategic Partnership with BICC
Strategic Partnership: Shineco has formed a strategic cooperation agreement with Singapore's BICC to enhance the implementation and redemption of "on-chain cell assets" across various institutions.
Advancement of RWA Ecosystem: This collaboration signifies a shift from technical integration of blockchain technology to real-world applications, promoting cross-enterprise redeemability for cell assets.
Previous Initiatives: The partnership builds on Shineco's earlier efforts, including the establishment of a Cell Digital Division and acquiring a majority stake in Xi'an Dong'ao Health Management.
Digital Management and Integration: Plus Me will manage Shineco's compliant mesenchymal stem cells digitally, while BICC's iPSC stem cell storage services will be incorporated into Shineco's blockchain system, allowing users to redeem vouchers in designated scenarios.
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