Today, the 25th of July, Wanchain has partnered up with a Malaysian digital giant – PUC Berhad – the company behind PrestoMall (an online marketplace), Presto Super App (a lifestyle app) and many other digital services. The Malaysian company has a brand new blockchain strategy and Wanchain will be providing the technology to execute it.
Taking Blockchain Technology Further
PUC Berhad will be using Wanchain’s private chain for several different projects. The Malaysian company is planning to use the chain for microlending (extending very small loans to borrowers who are considered riskier) and decentralizing credit scoring. PUC Berhad has its own PUC ecosystem within the company and they plan to tokenize the loyalty points used in the system.
Future plans between the two parties include utilizing blockchain solutions for building decentralized wallet and payment systems, and even a decentralized exchange.
Speaking on the matter was Kennet Hiew, Chief Commercial Officer (COO) at PUC, who noted:
A partnership with Wanchain will strengthen our position in the blockchain vertical as we look to incorporate this groundbreaking technology in various aspects of our business. We look forward to working together to bring added efficiencies, customer offerings, and other benefits to PUC’s ecosystem.
Also weighing in was the Founder and CEO at Wanchain, Jack Lu:
This is only the first of several upcoming cooperations between Wanchain and traditional companies looking to integrate blockchain into their businesses and is significant not only for the Wanchain organization but for the greater adoption and use of blockchain worldwide. Wanchain aims to be the go-to blockchain for businesses looking to take advantage of the uniquely powerful benefits blockchain brings.
A Valuable Partnership
Partnerships of the kind are always good for the blockchain space as they take the technology and spread it through otherwise more conventional fields. PUC Berhad is a company with more than 20 years of experience and it was listed on the ACE Market of Bursa Malaysia Securities Berhad in 2002.
The company’s main services include payment solutions and integrated media services with a huge leap in 2007 looking at the future and digitalizing its products and services. However, the company continues to grow and its current portfolio consists of several different digital products, spread across fields such as AI, new media, eCommerce, mobile payments, and more.
Wanchain is growing as well. With offices spread across the world, the project offers an infrastructure which intends to connect the financial world. Its live cross-blockchain solution is EVM-based and it includes optional private transactions while providing a permissionless and decentralized approach to interoperability.
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