Wanchain, a distributed infrastructure to connect blockchain networks together, has announced a new partnership with PUC Berhad (PUC), a publicly-listed company in Malaysia. The company is behind Malaysia’s reputable online marketplace, PrestoMall, the popular Presto Super App, as well as a wide range of other ventures in different sectors including fintech, new media, AI, and more. PUC is currently working with Wanchain to integrate blockchain technology into several segments of their businesses.
Wanchain will be the core provider for PUC Berhad’s new blockchain strategy, and the cooperation represents both PUC Berhad’s commitment to leveraging blockchain’s benefits, as well as Wanchain’s commitment to building real-world blockchain solutions.
“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.”
— Kenneth Hiew, PUC Group Chief Commercial Officer
This partnership marks a major step forward for Wanchain and for the greater blockchain world at large. PUC has plans to incorporate Wanchain’s public blockchain and private chain solutions into a wide range of their consumer-facing products.
As a company with an established user base, PUC is committed to bringing the benefits of Wanchain’s technology to the masses. 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.
Some of PUC’s plans to work together with Wanchain under the enterprise solution initiatives using Wanchain’s private chain include:
1) Decentralized credit scoring
2) Tokenization of loyalty points for use in PUC’s ecosystem
3) Decentralized lending based on Wanchain’s blockchain technology
These projects are also some of the first candidates for integration with Wanchain 4.0 which is scheduled for release at the end of this year. Wanchain 4.0 will allow for the cross-chain connection of private and consortium chains with public chains. This will make possible the decentralized transfer of data from a private chain and consortium chains to public chains such as Wanchain and many others.
In addition to the aforementioned projects, Wanchain and PUC are committed to working together to explore further the use of blockchain for cases such as building a decentralized exchange, wallet, and payment system.
“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.”
— Jack Lu, Founder & CEO of Wanchain