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Sterling Consolidated Gets Mention in CryptoCoinsNews (CCN.com)
Sterling Consolidated Gets Mention in CryptoCoinsNews (CCN.com).
About this update from Sterling Consolidated Corp
[{"type":"text","content":"\n\n\n\nSterling Consolidated Gets Mention in CryptoCoinsNews (CCN.com)\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSterling Consolidated Gets Mention in CryptoCoinsNews (CCN.com)\nPR Newswire\nNEPTUNE, N.J., June 26, 2018\n\n\n\nNEPTUNE, N.J., June 26, 2018 /PRNewswire/ -- Sterling Consolidated Corp. (OTCQB: STCC) (\"Sterling\"), a leading supplier of seals to the automotive and industrial marketplace, and approved Amazon and Walmart supplier, recently was mentioned in the online publication, CCN.com, in connection with a discussion of implementing blockchain in the area of industrial supply chain logistics.  The Company was discussed in the June 19, 2018 CCN.com publication in the Blockchain News section alongside an industrial giant.  See article here: https://www.ccn.com/active-blockchain-projects-in-use-logistics-is-overtaking-finance/.\n\n\n \n \n\n \nSterling's CEO, Darren DeRosa, commented, \"This article reinforces our belief that our plan to bring blockchain technology to the o-ring industry is on the mark, and that there are big industrial players thinking the same way we are.  Our advantage is that we are nimble.  As a smaller company, we can move much more quickly and decisively into blockchain.  We have already identified and conceptualized a decentralized marketplace for o-rings and have developed our own cryptocurrency, \"DiMO\", which is slated to be distributed in December 2018, via a property dividend.  We believe we are ahead of the industry curve in this regard.\"\n\nSterling plans to reduce the cost of upfront financing for o-ring distributors via a \"Decentralized Marketplace for O-Rings\" (\"DiMO\"). DiMO envisions using a smart contract system to promote trust between the distributors and suppliers and eliminate the need for the suppliers (primarily located in China) to require upfront payments or expensive traditional bank letters of credit. \n\nAbout Sterling Consolidated Corp.Sterling Consolidated Corp., through its wholly-owned subsidiary, Sterling Seal and Supply, has been a leading supplier o...