Masverse Launches MasChain: Revolutionizing the Digital Ecosystem with Proof of Authority Blockchain Platform
Masverse, a leading blockchain specialist company, has made waves in the digital ecosystem with the launch of MasChain, a groundbreaking platform that aims to revolutionize transactions for government, enterprises, and industries. By utilizing Proof of Authority (PoA), MasChain enhances security and trustworthiness, democratizing blockchain technology and providing innovative token digitalization solutions.
The launch event, attended by key figures such as Mr. Danesh Jothiprahasam of Malaysia Digital Economy Corporation (MDEC) and Mr. Chew Kian Kok, CEO of Masverse, showcased the potential of MasChain to transform various sectors. Through strategic partnerships with companies like GamBit Group Sdn. Bhd. and Intelligence Traceability Sdn. Bhd., Masverse is set to offer enhanced services in custodian wallet solutions, halal compliance, and product traceability.
MasChain’s versatility and scalability are highlighted by its use of the Substrate core framework and pallets smart contracts, allowing for flexibility and stability in blockchain applications. The platform’s PoA consensus mechanism simplifies processes and paves the way for future innovations in blockchain technology.
Lee Jie, Tech Lead of Masverse, emphasized the significance of MasChain in reshaping Malaysia’s digital landscape, stating, “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.” This sentiment was echoed by Jothiprahasam of MDEC, who praised MasChain for its potential to drive economic value and societal progress through innovative technology solutions.
With its focus on facilitating blockchain adoption through seamless integration and onboarding, MasChain is poised to make a lasting impact on the digital economy. By offering a secure Blockchain-as-a-Service (BaaS) framework and a wide range of services, MasChain aims to empower governments and businesses to embrace blockchain technology and drive technological transformation in Malaysia and beyond.
