Newater Technology, Inc. announced its new strategic partnership with NW Blockchain Limited (NWBL) to jointly develop blockchain applications to use in the wastewater treatment industry. NWBL expects to utilize blockchain technology in the wastewater treatment industry to develop a new value-based exchange network. Blockchain is a digitized, decentralized, open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The partners will focus on building a traceable, transparent, and highly-secured platform for wastewater treatment opportunities and transactions. The partners expect to develop a blockchain token system that will be backed by the assets and the revenues from the wastewater treatment projects invested by NWBL and operated and managed by Newater. Investors will be able to purchase tokens from NWBL. For each wastewater treatment project identified by both partners, NWBL will fund the project and purchase the wastewater treatment equipment from the Company. The Company will then manage and operate those projects.During the lifetime of the project, NWBL will pay the Company 20% of the project proceeds for managing and operating the project annually.