Oranco, Inc. announced its blockchain-based anti-counterfeiting laser recognition proprietary technology has officially entered into its test phase. On August 20, 2018, the Company, through its wholly-owned subsidiary Fengyuang Huaxin Liquor Development Co. Ltd., entered into an agreement (the “Agreement”) with Guangzhou Silicon Technology Co. Ltd. (“GSTC”), a company specializing in blockchain technical solution development and technical support, to develop the Technology for the identification and anti-counterfeiting of the Company’s premium alcoholic beverages. Under the Agreement, both parties agreed to develop the Technology for the Company’s collectible liquors and other premium products by constructing a mechanism featuring blockchain technology’s characteristics such as uniqueness, data tampering protection, and transaction traceability. The Company believes that the Technology will increase the value of its collectible product lines. As part of the diligent effort to perform under the Agreement, GSTC shall verify the authenticity of the Company’s premium products, making sure that they are not altered or replaced through physical means. GSTC will then use the Technology to create irreplaceable digital IDs on a blockchain for each of the Company’s premium alcoholic beverage product.