Powerbridge Technologies Co., Ltd. (PBTS) stock prices were up 7.94% as of the market close on July 26th, 2021, bringing the price per share up to USD$1.36 at the end of the trading day. Subsequent premarket fluctuations saw the stock rise by 11.03%, bringing it up to USD$1.51.
PBTS Stock’s Foray into Blockchain
July 27th, 2021 saw the company reveal that it was in the process of building a Supply Chain Management SaaS platform that will be enabled by Blockchain technology. The company is keen to spearhead its foray into Blockchain technology in an effort to optimize and integrate traditional supply chain systems. PBTS stock is a cutting-edge tech company that focuses on providing artificial intelligence, the Internet of Things, Blockchain, and financial technologies.
About the SaaS Platform
The company also offers SaaS solutions and operational services in various fields such as cross-border trade, smart cities, and government services. PBTS stock’s Blockchain-enabled Supply Chain Management SaaS Platform is being designed to connect suppliers, logistics service providers, distributors, retailers, and end-users. It will do so with an integrative feature network, facilitating real-time information sharing for all participants. In doing so, the company ensures the credibility of the information and facilitates the efficiency of information transmission.
Scope of Blockchain Technology
PBTS stock hopes for its Blockchain management platform to prove to be applicable to more practical contexts, with a deep-rooted integration with businesses. The company intends to continue developing Blockchain applications and SaaS with more trials and innovations. The application of Blockchain technology is expected to generate sustained growth of PBTS’ revenue. PBTS will also expand its application to other fields, such as supply chain finance technology.
About PBTS Stock
With nearly 25 years of history behind it, PBTS stock aims to provide a myriad of smart-technology-based products and solutions. These offerings include global trade-related ports and customs management platforms, cross-border and global trade solutions, smart city tech products and solutions. The company also utilizes innovative technology such as Big Data, artificial intelligence, Blockchain, and the Internet of Things.
Future Outlook for PBTS Stock
Armed with its foray into the burgeoning blockchain market space, PBTS is poised to capitalize on its entry into a marketspace rife with opportunities. Current and potential investors are hopeful that management will be able to leverage the resources at its disposal to facilitate significant and sustained increases in shareholder value.
