Nova LifeStyle, Inc. (NASDAQ: NVFY), a leading U.S.-based, innovative designer and distributor of modern LifeStyle home products, announced that the Company’s subsidiary iDesign Technology (IDT) won a top prize for technology innovation at the Cloud-Chain International Dapp Development Contest held in Taiwan, which was sponsored by Microsoft, China Binary New Fintech and High Cloud.
The final competition took place on December 12, with more than fifty global corporate contestants competing openly with their product applications built on Microsoft’s successful Azure Blockchain Workbench platform. Nova’s iDesign team won the 3rd place award with IDT’s new generation Public Service System relying on its advanced Distributed Storage, Distributed Ledger and Hash Table, and Smart Contract Technologies.
Nova Lifestyle launched its iDesign Technology (IDT) subsidiary in 2018. IDT provides strong technical support for the company’s technological transformation and upgrade in order to enhance user experience. At the same time, IDT expects to leverage its leading technology ability by opening its Blockchain system to serve other enterprise customers looking to implement applications with emerging technologies quickly.
iDesign Technology Chief Technology Officer Jerry Zheng commented: “We are pleased to have worked with Microsoft’s leading Azure Blockchain Workbench system to build Nova’s enterprise applications. Nova actively embraces advanced science and technology and we expect IDT will play a significant role in enhancing the Company’s profitability and technology know-how.”
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