63 Moon Technologies to provide next-gen tech solution to Italy based Spuma SRL; stock slips ~2%

27 Sep 2022 , 10:23 AM

63 Moons Technologies Limited announced that it will support and boost Italy-based Spuma SRL with its next-generation technology capabilities and solutions to create a Digital Market ecosystem for revitalized goods in the pan-Europe multi-million Euro (€) project, offering efficient and high-value procurement and exchange proficiencies.

This will be one of the largest productions PoCs (proof of concept) establishing trust and traceability in the context of smart chain technology.

Spuma SRL will tap on 63moons’ experience in real-time mission-critical solutions, utilising the most advanced technology stack.

63moons will provide a SaaS (Software as a Service) model with revenues based on a portion of the income generated by transaction fees and services provided by the digital ecosystem, which is a unique approach developed by 63moons for high-growth IP monetization akin to Indian exchanges.

For the purpose of adopting the technology, 63moons will analyze global cloud computing giants such as Amazon’s AWS, Microsoft’s Azure, and Google cloud.

Spuma SRL will first offer these services from Italy, before expanding to other European Union nations (through planned financial involvement by appropriate government agencies) and platform users (by their respective business communities).

At around 10.27 AM, 63 Moons was trading 2.68% lower at Rs154.50, against previous close of Rs158.75 on NSE. So far, it touched intraday high and low of Rs162.60 and Rs154.50 respectively.

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