Masverse Unveils Platform To "Revolutionise" Digital Ecosystem

Published By
New Straits Time
April 23, 2024

KUALA LUMPUR: Blockchain specialist Masverse Sdn Bhd has launched MasChain, a platform to "revolutionise" the digital ecosystem for government, enterprises and industries by enhancing the security and trustworthiness of transactions via Proof of Authority (PoA).

Masverse also signed two memorandums of agreement (MoA) with Gambit Group Sdn Bhd for enhanced custodian wallet services and Intelligence Traceability Sdn Bhd for halal compliance and recycling product traceability services.

On top of that, it signed five other MoUs namely with Vero AI Sdn Bhd (to establish e-halal ecosystem within Asean countries), Jabo Plantation Sdn Bhd (for smart farming and tokenisation of the Jaboticaba Plantation), JomStay Digital Technology Sdn Bhd, Accelerator Resources Sdn Bhd and Asia Digital Bank Ltd.

The company claimed that MasChain is set to democratise blockchain technology.

This is 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.

"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," said Masverse tech lead Lee Jie.

"MasChain was designed to cater to various needs and applications, from financial technology, halal traceability, education, retail and supply chain management to digital identity and beyond, and for authorities and businesses to benefit from a blockchain solution," he added.

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