Hongbo signed a strategic cooperation agreement with Hashgard blockchain to build the mode of “blockchain+lottery”

4 min readNov 19, 2019

Recently, Hongbo, a well-known domestic lottery service provider, signed a strategic cooperation agreement with Hashi Technology, a research and development organization of Hashgard blockchain.

Hongbo and Hashi Technology adhere to the principle of voluntariness, equality and mutual benefit, and explore the vertical field of “blockchain + lottery”, “blockchain + electronic bills”. Both parties will study the lottery system and electronic billing system based on blockchain technology by using distributed ledger, distributed storage, random numbers on the chain, automated smart contracts, immutable information disclosure, and other technical features.

This strategic cooperation is made in the context of the country regarding blockchain as an important breakthrough for independent innovation of core technologies, clarifying the main direction, increasing investment, and accelerating the development of blockchain technology and industrial innovation.

Hongbo Co., Ltd., as the leading enterprise in the lottery printing industry, actively responded to the call of the state and cooperated with the high-tech team in the frontier of the blockchain to promote the important practice of deep integration of blockchain and lottery & electronic bill industry. To Hashi Technology, this cooperation is a key breakthrough in the blockchain technology, realizing the industrial integration of blockchain technology and lottery & electronic bills, and truly moving from technology to entity landing.

The two sides believe that the blockchain-based lottery system will realize the openness and traceability of the lottery in the issuance, sale, lottery and redemption, guarantee the fairness and transparency of the lottery industry, and push the lottery industry to move forward. The electronic bill system based on blockchain technology will realize new technological breakthroughs and business upgrades in terms of convenient bill data recording, reform of communication and storage management methods, reduction of credit costs, and improvement of data transaction efficiency.

About Hongbo

Hongbo is a registered A-share small and medium-sized board company in Fujian with stock code “002229”. It is mainly engaged in security printing and is one of the leading enterprises in China’s lottery printing industry. It provides the China Sports Lottery and Welfare Lottery Center with services such as printing, sales, operations and product development.

About Hashi Technology

Hashi Technology is a technology company specializing in blockchain technology. It has successfully developed several blockchain products such as the Hashgard SIF test network, Hashgard VM virtual machine, Ethereum smart contract graphical deployment system, smart contract-based equity incentive certification system, etc., with rich blockchain products and technology research and development experience.