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Platon Aims To Become The Public Infrastructute Of Privacy Computing To Open Up Business Prospects For The Crypto Space

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5 years ago

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In the Information Age, Data Becomes a New Factor of Productivity

In economics, factors of production, also known as production inputs, are essential resources for the production of goods and services. In his epochal work “Principles of Economics”, famous British economist Marshall put forward the theory of four factors of production — land, labor, capital and entrepreneurial talent. National income (NI) is the reward of four factors, and that is, national income (NI) = labor wage (w) + land rent (r) + capital interest (i) + operating profit (π). This “four-in-one formula” sums up the core of western economic production theory and distribution theory, which has been widely accepted for more than a century.

However, factors of production are a historical category that evolves with the development of economy and society. The birth and development of the Internet has changed the mode of production, life and consumption, and it promoted many important and profound changes, and played an increasingly important role in economic development, social life and national governance. The full exploitation and effective utilization of all kinds of data has raised production efficiency to an unprecedented level. Data has become an indispensable factor in economic activities and a new generation of production factors after land, energy, population and food.

Table – Production Factors at Different Stages

Privacy Brings Data Dilemma and MPC Realizes Data Collaborative Computing

Nowadays, people have already extended their social activities to the network space. Every day, people contribute data continuously to the network space. A large amount of data is collected, calculated, analyzed, excavated and this goes beyond the original data level of information value.

However, because of the plain text nature of the data, the owner loses ownership of the data once the data is granted to others for use. Therefore, to ensure the privacy protection of data, a huge amount of data managed by enterprises cannot be exchanged and co-calculated with the data held by other enterprises, which is why a large number of data cannot generate value.

The emergence of privacy computing ends this dilemma. Yao Qizhi, a member of the Chinese National Academy of Sciences, proposed secure multi-party computing (MPC) in 1982. In a nutshell, participants have to enter information to calculate an agreed function. In addition to the accuracy of the calculations, they must also protect the privacy of each participant’s input data. Specifically, there are now n participants, each of whom, xi, is aware of the xi they entered, who together calculate a pre-agreed function f (x1 ,…, xn) = y. In this way, all participants will get the final y value, but they will not be able to know the specific data entered by the other participants. Thus, with local data not aggregated and privacy not divulged, each party can still achieve a common desired result by performing the operations of the given logic.

Privacy computing opens up huge business prospects for the digital world (Crypto Space)

Bitcoin’s pioneering combination of virtual currencies and peer-to-peer payment systems open the door to decentralization. With the introduction of intelligent contract function, Ethernet has greatly improved the scalability of blockchain, and all kinds of applications can be deployed on blockchain. Because of these characteristics, early public blockchain networks such as Bitcoin and Ethernet have been developed, attracting a large number of blockchain and encryption enthusiasts in the world, and many traditional institutions have been entering the area of blockchain, exploring various possibilities of decentralization.

The combination of privacy computing and blockchain is expected to put data ownership back in the hands of data producers, meaning that vast amounts of data can be counted without affecting privacy and ownership, so that the owners can profit and data can burst out with greater value. Therefore, the blockchain project based on privacy calculation is naturally suitable for the commercial practice in the fields of financial, medical, scientific research, government affairs, and logistics and so on.

“Operator” PlatON network for blockchain data

PlatON, the representative project of the combination of privacy computing and blockchain currently, is based on the basic attribute of blockchain and is supported by privacy computing network, and provides the next generation Internet infrastructure protocol with the core characteristics of “computing interoperation”. PlatON’s vision is to become the public infrastructure for privacy computing of the next generation, publishing privacy computing algorithms through contracts, and implementing MPC protocols with data providers and computing nodes for privacy protection requirements, so as to realize cooperative computing of data. PlatON, designed to price data flows, is all about computing and data, which is the most fundamental part of future human production. PlatON can achieve large-scale application landing and commercial scenario implementation:

For example:

I. Build a wider credit collection network. The public chain that provides private computing can provide user with customizable computing logic template and multi-party access mode, and in the case that the access party’s data does not need to be collected and shared, only the credit inquiry results are output to the demander, and the original data can be encrypted and stored in the blockchain system to meet all kinds of audit needs.

II. Supply chain financial infrastructure. The public chain of private computing is based on blockchain technology and cryptography algorithm, which can provide a platform solution for supply chain finance to digitally identify, process and transfer assets. Construct a new financial financing model of supply chain in which the information of the upstream and downstream enterprises can be shared symmetrically, the credit value of the core enterprises can be transmitted, the business tickets can be split and the risk can be controlled, and provide convenient data traceability for the supervision and enhance the service efficiency of the industry as a whole.

To build the public infrastructure for the digital age, PlatON continuously optimizes technology, iterates the underlying infrastructure, and breaks through the “impossible triangle” in terms of performance. “Impossible triangle” means that it is difficult to achieve both a good “decentralization” and a good “security” of the system in a blockchain and a high “transaction processing performance” at the same time. The most well-known blockchain projects in the industry are Bitcoin, Ethernet, and EOS. At present, using native Token transfer performance test method and EOS under the same testing conditions, PlatON has achieved a comprehensive performance leader in the quasi-real environment, and will continue to focus on the data field and accelerate the construction of data market.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

Lianlian DigiTech Announces 2026 Interim Results with H1 Revenue Reaching RMB 880 Million

Published

1 minute ago

on

September 1, 2026

By

Hong Kong, August 20, 2026 – Lianlian DigiTech Co., Ltd. (HKEX: 2598) (“Lianlian DigiTech” or the “Company”), an AI-driven digital payment service provider headquartered in China with a global footprint, today reported interim results for the six months ended June 30, 2026. Following the announcement of its AI-Native + Globalization strategic upgrade during the period, the Company delivered growth across revenue, profitability, and product development, reflecting early execution of the new strategy. 

 

Results Highlights

  • Total Transaction Payment Volume (TPV) for global payments reached RMB 249.9 billion, up 25.9% year-over-year
  • Total revenue grew 11.9% year-over-year to RMB 875.6 million; global payment revenue reached RMB 600.9 million, and domestic payment revenue was RMB 106.0 million. Value-added services revenue increased 83.2% year-over-year to RMB 164.2 million
  • Gross profit reached RMB 454.4 million with a gross profit margin of 51.9%; global payment gross margin reached 70.8%
  • Adjusted operating profit increased 147.3% to RMB 156 million, excluding all non-operating items
  • Global regulatory footprint expanded to 68 payment licenses and qualifications, including new approvals in Canada and Dubai

Mr. Zhang Zhengyu, Chairman and CEO of Lianlian DigiTech, commented,

“In the first half of 2026, we made solid progress across all three growth pillars. We sharpened our focus on high-value customers and captured opportunities in global cross-border trade to sustain high-quality growth in our core business. Our AI-Native + Globalization strategy drove product delivery, with the launch of a series of AI products, alongside key breakthroughs in Agentic Payment that extended our services beyond payments. We also continued to expand our ecosystem and deepen our presence across the fintech and AI value chains. Guided by our mission, ‘Connecting the world, Empowering global commerce’, Lianlian remains committed to creating long-term, sustainable value for our customers and shareholders.”

Ms. Wen Yingse, CFO, Lianlian DigiTech, said,

“Despite a complex market environment, we delivered solid results in the first half of 2026 — both revenue and gross profit grew approximately 11.9% year-over-year, and adjusted operating profit more than doubled, reflecting continuous improvement in profitability and operating quality. We also continued to optimize our organizational structure and resource allocation, reducing our combined expense ratio from 60.3% to 51.9%, down 8.4 percentage points year-over-year. Looking ahead, we will continue to focus on core business growth, deepen the integration of AI in our business operations, capture economies of scale, and prudently expand ecosystem partnerships, strengthening our long-term, stable and sustainable competitive advantage in the global market.”

Global Payments

In its global payment business, Lianlian continued to expand its addressable market. On the product side, the Company accelerated the development of intelligent payment capabilities, embedding AI into operational processes to support enterprise efficiency and performance. The Company continued to focus on high-value enterprise clients going global and broaden its global payment services across B2B trade and service trade, expanding the range of cross-border business scenarios it supports. With a payment infrastructure spanning 68 licenses and qualifications across key international markets, including a newly obtained Canadian MSB license and a Dubai Category 3D payment license, Lianlian is well positioned to serve as a long-term operational partner for enterprises conducting business globally.

 

Domestic Payments and Value-Added Services

In the domestic payment sector, Lianlian maintained compliance with applicable regulatory requirements while making proactive adjustments to its resource allocation, deprioritizing lower-contributing transaction categories. The Company also strengthened the integration of its domestic capabilities with its global payment network, creating additional value for clients with cross-border operational requirements. Value-added services continued to grow as a significant revenue contributor in H1 2026. Lianlian continued to expand its payment service value chain and deepen the integration of payment capabilities across a range of commercial scenarios, driving demand for value-added services such as virtual bank cards, intelligent marketing, and other embedded financial services. As a result, segment revenue increased 83.2% year-over-year to RMB 164.2 million. The performance of this segment reflects the increasing integration of Lianlian’s payment capabilities into broader enterprise workflows, providing end-to-end support for companies in their international expansion and operational efficiency improvements.

 

AI-Native + Globalization Strategy Delivers Tangible Products

In H1 2026, Lianlian DigiTech translated its AI-Native + Globalization strategy into a series of concrete products and capabilities, delivering measurable outcomes for customers across its key business segments. Agent Wallet was launched as an intelligent payment infrastructure developed to address core payment requirements in the agent era, extending Lianlian’s capabilities beyond conventional payment processing. In addition, the launch of multiple AI products and enterprise-grade agent platforms further enhanced its intelligent service system. These developments were supported by deeper integrations with global network partners including Visa and UnionPay International, advancing agentic payment applications from technical validation to live deployment.

 

Capital Management and Shareholder Returns

Lianlian maintained a disciplined approach to capital management. Since initiating its share repurchase program in April 2025, Lianlian has repurchased approximately 40 million shares in total, returning more than HK$250 million to shareholders.

 

Outlook

Lianlian will continue to execute on its AI-Native + Globalization strategy, deepening its global footprint and strengthening competitive advantages built on trust, data and global payment network effects, and empowering Chinese enterprises for high-quality global expansion.

 

For more information, please refer to the 2026 interim results announcement: 

https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0820/2026082001339.pdf

 

–End–

 

About Lianlian DigiTech

Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech” or “Lianlian”) was founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (stock code: 2598.HK). As a leading AI-driven digital payment service provider headquartered in China with a global footprint, Lianlian adheres to its mission of “Connecting the world, Empowering global commerce” and pursues an “AI-Native + Globalization” strategy. Lianlian is committed to building a trusted global intelligent financial infrastructure, enabling seamless connectivity between Chinese enterprises and global businesses.

 

The Company’s core business comprises digital payment services and value-added services. Digital payment services encompass global and domestic payments and include a variety of products such as pay-in, pay-out, acquiring, foreign exchange, virtual bank card, and payment aggregation services. Value-added services focus on business and technology services that deeply integrate with payment scenarios.

 

As of June 30, 2026, the Company has established a global licensing portfolio comprising 68 payment licenses and related qualifications. As the only Chinese provider holding all state-level money transmitter licenses in the U.S., the Company’s regulatory leadership remains a core competitive advantage. Furthermore, its VATP license positions it at the forefront of digital currency and blockchain technology-based financial services. Lianlian supports services in more than 200 countries and regions, enables transaction settlement in over 140 currencies, and has served a cumulative total of over 13.3 million customers. 

 

 

For enquiries, please contact: 

Burson Group 

Isaac Chan     Tel: (852) 6685 9096 

Joyce Zhan     Tel: (852) 9142 2528 

Email: lianlian@hkstrategies.com

Media Contact

Organization: LianLian

Contact Person: LianLian PR Department

Website: https://www.lianlian.com/

Email: Send Email

Country:China

Release id:48426

The post Lianlian DigiTech Announces 2026 Interim Results with H1 Revenue Reaching RMB 880 Million appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Lianlian DigiTech Reports H1 2026 Results with Revenue of RMB 880 Million

Published

2 minutes ago

on

September 1, 2026

By

Hong Kong, August 20, 2026 – Lianlian DigiTech Co., Ltd. (HKEX: 2598) (“Lianlian DigiTech” or the “Company”), an AI-driven digital payment service provider headquartered in China with a global footprint, today reported interim results for the six months ended June 30, 2026. Following the announcement of its AI-Native + Globalization strategic upgrade during the period, the Company reported growth in revenue and profitability and continued product development, reflecting early execution of the new strategy. 

 

Results Highlights

  • Total Transaction Payment Volume (TPV) for global payments reached RMB 249.9 billion, up 25.9% year-over-year
  • Total revenue grew 11.9% year-over-year to RMB 875.6 million; global payment revenue reached RMB 600.9 million, and domestic payment revenue was RMB 106.0 million. Value-added services revenue increased 83.2% year-over-year to RMB 164.2 million
  • Gross profit reached RMB 454.4 million with a gross profit margin of 51.9%; global payment gross margin reached 70.8%
  • Adjusted operating profit increased 147.3% to RMB 156 million, excluding specified non-operating items
  • Global licensing portfolio expanded to 68 payment licenses and qualifications, including new approvals in Canada and Dubai

 

Mr. Zhang Zhengyu, Chairman and CEO of Lianlian DigiTech, commented,

“In the first half of 2026, we made solid progress across all three growth pillars. We sharpened our focus on high-value customers and captured opportunities in global cross-border trade to sustain high-quality growth in our core business. Our AI-Native + Globalization strategy drove product delivery, with the launch of a series of AI products, alongside key breakthroughs in Agentic Payment that extended our services beyond payments. We also continued to expand our ecosystem and deepen our presence across the fintech and AI value chains. Guided by our mission, ‘Connecting the world, Empowering global commerce’, Lianlian remains committed to creating long-term, sustainable value for our customers and shareholders.”

 

Ms. Wen Yingse, CFO, Lianlian DigiTech, said,

“Despite a complex market environment, we delivered solid results in the first half of 2026 — both revenue and gross profit grew approximately 11.9% year-over-year, and adjusted operating profit more than doubled, reflecting continuous improvement in profitability and operating quality. We also continued to optimize our organizational structure and resource allocation, reducing our combined expense ratio from 60.3% to 51.9%, down 8.4 percentage points year-over-year. Looking ahead, we will continue to focus on core business growth, deepen the integration of AI in our business operations, capture economies of scale, and prudently expand ecosystem partnerships, strengthening our long-term, stable and sustainable competitive advantage in the global market.”

 

Global Payments

In its global payment business, Lianlian continued to expand its global payment coverage. On the product side, the Company continued the development of intelligent payment capabilities, embedding AI into operational processes to support enterprise payment operations. The Company continued to focus on selected enterprise clients going global and broaden its global payment services across B2B trade and service trade, expanding the range of cross-border business scenarios it supports. With a payment infrastructure spanning 68 licenses and qualifications across key international markets, including a newly obtained Canadian MSB license and a Dubai Category 3D payment license, Lianlian provides payment services to enterprises conducting business globally.

 

Domestic Payments and Value-Added Services

In the domestic payment sector, Lianlian maintained compliance with applicable regulatory requirements while making proactive adjustments to its resource allocation, deprioritizing lower-contributing transaction categories. The Company also strengthened the integration of its domestic capabilities with its global payment network, supporting clients with cross-border operational requirements. Value-added services remained a significant revenue contributor in H1 2026. Lianlian continued to expand its payment service value chain and deepen the integration of payment capabilities across a range of commercial scenarios, supporting demand for value-added services such as virtual bank cards, intelligent marketing, and other embedded financial services. As a result, segment revenue increased 83.2% year-over-year to RMB 164.2 million. The performance of this segment reflects the increasing integration of Lianlian’s payment capabilities into broader enterprise workflows, supporting companies in their international operations.

 

AI-Native + Globalization Strategy Supports New Products

In H1 2026, Lianlian DigiTech translated its AI-Native + Globalization strategy into a series of concrete products and capabilities for customer use across its key business segments. Agent Wallet was launched as an intelligent payment infrastructure developed to address payment requirements associated with AI-agent applications, extending Lianlian’s capabilities beyond conventional payment processing. In addition, the launch of multiple AI products and enterprise-grade agent platforms expanded its intelligent service system. These developments were supported by deeper integrations with global network partners including Visa and UnionPay International, supporting the testing and deployment of agentic payment applications.

 

Capital Management and Shareholder Returns

Lianlian continued to implement its capital management policies. Since initiating its share repurchase program in April 2025, Lianlian has repurchased approximately 40 million shares in total, returning more than HK$250 million to shareholders.

 

Outlook

Lianlian will continue to execute on its AI-Native + Globalization strategy, expanding its international presence and developing capabilities in trust, data and global payment connectivity, and supporting Chinese enterprises in their international operations.

 

For more information, please refer to the 2026 interim results announcement: 

https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0820/2026082001339.pdf

About Lianlian DigiTech

Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech” or “Lianlian”) was founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (stock code: 2598.HK). As an AI-driven digital payment service provider headquartered in China with a global footprint, Lianlian adheres to its mission of “Connecting the world, Empowering global commerce” and pursues an “AI-Native + Globalization” strategy. Lianlian is committed to building a global intelligent financial infrastructure, facilitating connectivity between Chinese enterprises and global businesses.

 

The Company’s core business comprises digital payment services and value-added services. Digital payment services encompass global and domestic payments and include a variety of products such as pay-in, pay-out, acquiring, foreign exchange, virtual bank card, and payment aggregation services. Value-added services focus on business and technology services that deeply integrate with payment scenarios.

 

As of June 30, 2026, the Company has established a global licensing portfolio comprising 68 payment licenses and related qualifications. The Company holds money transmitter licenses issued by multiple U.S. states. Furthermore, its VATP license supports the provision of digital currency and blockchain technology-based financial services. Lianlian supports services in more than 200 countries and regions, enables transaction settlement in over 140 currencies, and has served a cumulative total of over 13.3 million customers. 

 

 

For enquiries, please contact: 

Burson Group 

Isaac Chan     Tel: (852) 6685 9096 

Joyce Zhan     Tel: (852) 9142 2528 

Email: lianlian@hkstrategies.com

Media Contact

Organization: LianLian

Contact Person: LianLian PR Department

Website: https://www.lianlian.com/

Email: Send Email

Country:China

Release id:48295

The post Lianlian DigiTech Reports H1 2026 Results with Revenue of RMB 880 Million appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Cloud PR Wire

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

PowerRoute Electric & Plumbing Expands Plumbing Services to Greater Los Angeles

Published

2 minutes ago

on

September 1, 2026

By

Van Nuys-based contractor brings residential, commercial, emergency, and hospitality plumbing to the wider LA metro

Van Nuys, California, United States, 1st Sep 2026 — PowerRoute Electric & Plumbing, the Van Nuys-based electrical and plumbing contractor serving Southern California since 2015, today announced the expansion of its full plumbing division across Greater Los Angeles. The company now offers residential and commercial plumbing service from the San Fernando Valley through the LA Basin, backed by 24/7 emergency response and a two-year labor warranty on all work.

The expansion covers four dedicated service lines. Residential and general plumbing customers across the metro are served through the company’s Los Angeles plumbing division, which handles everything from routine repairs to repiping and sewer line replacement. Commercial plumbing supports office buildings, retail centers, restaurants, warehouses, medical facilities, and multi-tenant properties where downtime carries real cost. Emergency plumbing provides around-the-clock response for burst pipes, sewer backups, and water heater failures. And a hospitality plumbing practice serves hotels, resorts, motels, extended-stay properties, and short-term rentals that need plumbing systems running flawlessly for guests.

“Los Angeles property owners have been calling us for years asking if we cover their area,” said Albert Castillo, founder of PowerRoute Electric & Plumbing. “Formalizing the expansion means a homeowner in Highland Park and a facilities manager downtown get the same licensed, insured crew and the same warranty our Pasadena customers have counted on since 2015.”

The company’s dual-trade model is a differentiator in a fragmented market. Property managers and commercial clients who need coordinated plumbing and electrical work — a common requirement during renovations, tenant improvements, and code-compliance upgrades — can source both from a single licensed contractor rather than coordinating separate vendors.

PowerRoute Electric & Plumbing is a licensed, bonded, and insured contractor holding C-10 electrical and C-36 plumbing licenses. The company provides free estimates with upfront pricing, offers same-day service seven days a week, and backs every installation and repair with a two-year labor warranty.

Los Angeles property owners can schedule service at https://powerrouteelectric.com/plumber-los-angeles-ca/ or by calling (818) 452-2637.

Media Contact

Organization: PowerRoute Electric & Plumbing

Contact Person: Albert Castillo

Website: https://powerrouteelectric.com/

Email: Send Email

Contact Number: +18189460522

Address:16735 Saticoy St

Address 2: Unit 102

City: Van Nuys

State: California

Country:United States

Release id:48635

The post PowerRoute Electric & Plumbing Expands Plumbing Services to Greater Los Angeles appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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