Masverse Unveils Groundbreaking Blockchain Platform
2024年4月24日 - 9:37AM
JCN Newswire
Masverse Sdn. Bhd., a pioneering blockchain specialist company,
today announced the launch of MasChain, a transformative platform
designed to revolutionise the digital ecosystem for government,
enterprises, and industries by enhancing the security and
trustworthiness of transactions via Proof of Authority (PoA).
Leveraging the first PoA chain, MasChain is set to democratise
blockchain technology by providing revolutionary token
digitalisation solutions across government and industry, unlocking
the full potential of blockchain applications to practitioners and
users for the protection of assets on the chain. Through the
Substrate core framework and pallets smart contracts as modular
components, MasChain can provide flexibility and stability. Network
scalability is achieved via the PoA consensus mechanism, which
greatly simplifies the entire process and unlocks the possibility
of future blockchain applications.
The launch was witnessed by Mr. Danesh Jothiprahasam, Head of
Domestic Digital Investment of Malaysia Digital Economy Corporation
(MDEC) and Mr. Chew Kian Kok, Chief Executive Officer of
Masverse.
Masverse signed two Memorandums of Agreement with GamBit Group Sdn.
Bhd. for enhanced custodian wallet services and TCF ecosystem and
Intelligence Traceability Sdn. Bhd. for halal compliance and
recycling product traceability services. Masverse also signed five
Memorandums of Understanding with Vero AI Sdn. Bhd. To establish
E-Halal Hub Ecosystem within ASEAN countries, Jabo Plantation Sdn.
Bhd. for smart farming, traceability and tokenisation of the
Jaboticaba Plantation, JomStay Digital Technology Sdn. Bhd. to
enhance tourism, Accelerator Resources Sdn. Bhd. for a membership
programme, and Asia Digital Bank Ltd in Web3 development across
financial solutions across ASEAN and Islamic Union countries.
Founded in Malaysia, Masverse is at the forefront of digital
innovation, creating a Layer 1 blockchain infrastructure and a Web3
ecosystem that promises to bridge the gap between current
technologies and a future where digital advancements are
universally beneficial. MasChain is designed to cater to various
needs and applications, from financial technology (fintech), halal
traceability, education, retail and supply chain management to
digital identity and beyond, and for authorities and businesses to
benefit from a blockchain solution. Their certification platforms
and Islamic Financial Solutions also aim to empower individuals and
businesses to thrive in the digital era by fostering blockchain use
to be approachable and useful for everyone nationwide.
In an effort to facilitate blockchain adoption in the country,
MasChain offers meaningful integration and onboarding based on the
client's use case, powered by an Ethereum Virtual Machine (EVM)
compatible chain with a versatile service layer application
programming interface (API). This approach enables a wide range of
services, from token management services to non-fungible token
(NFT) and audit trail services, encapsulated within a secure,
Blockchain-as-a-Service (BaaS) framework. MasChain gives
governments and businesses seamless integration while strengthening
network security and reducing complex technological transformation.
Key Islamic compliance is achieved with halal traceability and
supply chain solutions, ensuring transparency in the transaction
lineage.
Lee Jie, the Tech Lead of Masverse said, "Today, we stand on the
brink of a new era, one where the innovative use of public
permissioned blockchain technology is set to redefine the
operational frameworks of enterprises and governments alike.
MasChain redefines the approach to identity verification,
transaction security, and information storage, tailored to meet
client-specific needs, thereby digitally transforming Malaysia's
cyber landscape."
Jothiprahasam of MDEC said, "The inception of MasChain is a
testament to the innovative spirit that thrives within our nation
and the broader digital ecosystem. At MDEC, we are deeply committed
to nurturing and propelling Malaysia's digital economy, emphasising
inclusivity, sustainability, and growth. MasChain aligns perfectly
with our mission, embodying the potential of technology to create
not just economic value but societal progress as well."
"MasChain's approach, a public permissioned blockchain specifically
tailored for enterprises and governments, marks a significant leap
forward in how we envision the role of digital technologies in
governance, commerce, and societal wellbeing."
Source: Masverse
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