• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo

Wanchain Partners with Malaysian E-commerce Giant PUC Berhad on Enterprise Solutions

Guest Author by Guest Author
1 year ago
in Uncategorized
Reading Time: 3min read
wanchain, PUC Berhad
Advertisement
Nexo Logo
Listen to Article

Wanchain – the blockchain project that seeks to build the future of digital finance through blockchain-to-blockchain interoperability, has just announced that it has formed a partnership with Malaysian eCommerce leader and digital creator, PUC Berhad.

The company – which is publicly listed in Malaysia, is behind a number of well-known ventures such as online eCommerce hub PrestoMall, and Presto Super App.

The news once again reaffirms Wanchain’s long-term vision of bridging the gap between real-world companies and blockchain integration.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Loyalty points, credit scoring and more

The newly formed partnership will see Wanchain act as the core provider for PUC Berhad’s long-term blockchain strategy. Through Wanchain’s enterprise solution initiative, PUC Berhad will be able to use the project’s private chain for a number of key business objectives.

For example, the blockchain integration will allow PUC Berhad to facilitate decentralized credit scoring. This is an area of decentralization that has excited the cryptocurrency community for some time now, with the underlying technology able to execute secure identity and credit scoring tasks while at the same time, enable consumers to retain full control over their sensitive financial data.

On top of credit scoring, PUC Berhad will also be looking to apply a tokenization strategy to its loyalty point system. This will allow the company to distribute loyalty points via the blockchain with ease, in a cost-effective and fully transparent manner.

Facilitating Microlending for PUC Berhad

A further, and perhaps even more interesting opportunity that the partnership will yield is that of PUC Berhad’s ambition to engage in microlending. This is something that blockchain technology is highly suited for, especially when one considers the low-cost and fast processing times that cryptocurrencies offer.

Ordinarily, microlending via fiat currency is a highly challenging arena for lenders, not least because fees often outweigh the actual cost of the loan itself – subsequently making it unviable.

When asked about the partnership, Kenneth Hiew – Group Chief Commercial Officer at PUC Berhad, was quoted as saying: “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.”

Outside of its proprietary Presto Mall online marketplace and Presto Super App, PUC Berhad is also involved in a number of other key sectors. This includes a strong foothold in payment solutions and media services, and ongoing research and development of innovative financial technologies, digital imaging, and artificial intelligence.

Wanchain CEO Hints That Further Partnerships are in the Making

Hinting at further impending partnerships with conventional offline sectors, Jack Lu – Wanchain Founder and CEO, noted that “The partnership with PUC 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.”

Lu continued to add that the project aims to become the “go-to blockchain for businesses looking to take advantage of the uniquely powerful benefits blockchain brings.”

All-in-all, partnerships with traditional organizations – especially those with a publicly listed status, are crucial for global adoption of blockchain technology. As such, it is hoped that the cryptocurrency community is accustomed to further real-world partnerships in the coming months.

 

 

TweetShare25
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Guest Author

Guest Author

Related Posts

FBC14

FBC Fund Has Tripled Investors’ Earnings Thanks to FBC14 Algorithm

2 hours ago
etoro

eToro Nudges Investors Towards Crypto Trading as They Consider Portfolio Diversification

5 hours ago
2021 Is Bitcoin’s Year: How to Get in on the Digital Gold Rush

2021 Is Bitcoin’s Year: How to Get in on the Digital Gold Rush

6 hours ago
Ripple (XRP)

Charted: Ripple (XRP) Surges 15%, Why The Bulls Are Back In Control

8 hours ago
Ethereum

TA: Ethereum Smashes Key Resistance: Why ETH Could Rally To New ATH

10 hours ago
Bitcoin

TA: Bitcoin Remains At Risk, Why $38K Holds The Key For Fresh Surge

11 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

AC Milan to Join Sports Crypto Movement With Launch of $ACM Fan Token

January 19, 2021

Institutional-grade Crypto Exchange AAX Reports Record Fiat-Crypto Purchases in 2021

January 19, 2021

Robonomics Winter School 2021 Master Classes And Lectures Open For Attendees

January 18, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.