Molecular Data Inc. (NASDAQ: MKD) stock declined by 0.82% at last close whereas the MKD stock price gains by 0.26% in the pre-market trading. Molecular Data Inc. is a technology-driven system in China’s chemical sector that uses effective solutions to link participants along the chemical value chain.
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What’s up with MKD stock?
Molecular Data Inc. has stated that it has agreed to create a strategic partnership to develop supercomputing clusters in North America. In the first phase, the new Joint Venture wants to build two factories in the United States and begin operations on one of them in the following two months. In the first phase, the company plans to add 13MW. The new line of business is estimated to bring in $5 million in revenue and $4 million in gross profit.
Following the growing need for Digital factories and Smart manufacturing, the company has taken a strategic choice to create blockchain technologies to complement its chemical platform architecture. This is a vital transition from the Industrial Internet to the Industrial Metaverse. The Industrial Metaverse can help businesses with their pain areas and digital transformation.
According to the company’s Chairman of the Board of Directors, Dr. Dongliang Chang, blockchain elements are starting points for Industrial Metaverse application scenarios due to their technological qualities. As a result, they’ll continue to improve their blockchain skills to boost their competitiveness in the chemical platform and associated industries.
Other Development
Molecular Data Inc. has increased its engagement in the development of internet infrastructure for the chemical sector, using 5G technology, artificial intelligence, and the Internet of Things (IOT). It happened as a result of the PRC’s Intelligent Industrial Parks for Chemical Enterprises development guidelines.
MKD intends to optimize the creation of Smart Industrial Parks and Smart Cities by combining the two dimensions of the E-commerce service platform and industrial internet infrastructure. Moreover, MKD’s involvement in the Smart Chemical Park development project will not only enhance the infrastructure service system over time, but it will also help to create a more environmentally friendly atmosphere.
