Hongbo Co. Enters Agreement for Blockchain-based Lotteries in Cambodia

Shenzhen-listed Hongbo Co. (鸿博股份) is teaming up with gambling companies operating in Cambodia to apply blockchain technology to lottery ticket events.

Hongbo Co. recently announced that it had executed a “Blockchain Lottery Application Development Services Contract” (区块链彩票应用开发服务合同) with Shanghai Hashi Keji Co., Ltd. (上海哈世科技有限公司), as well as a “Ticket Lottery Supply Agreement” and a “Blockchain Ticket Supply Chain System Services Agreement” with Jin Xiang Co., Ltd. (金象公司).

Jin Xiang is wholly-invested subsidiary of Hong Kong’s Jin Cai international Holding Limited, and operates in Cambodia.

Hongbo will provide blockchain services, as well as lottery ticket services that “suit the local Cambodian style and ticket-purchasing customs,” under its agreement with Jin Xiang

All backroom data operations for such lottery ticket events and sales in Cambodia will be conducted via Hongbo’s proprietary lottery chain platform.

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