Kuala Lumpur, 23 June 2019- MIMOS Berhad, Malaysia’s National applied research and development centre under the Ministry of International Trade and Industry (MITI) announced on 20 June of the plans to collaborate with Oracle to explore how the Government can utilize the Blockchain with aim of improving the ease of doing business in Malaysia.
MIMOS approached Oracle for the use of cloud-based Oracle Platform. The resulting blockchain prototypes in development to ensure the product traceability, which explores how blockchain can help curb any potential by increasing the visibility and traceability of product in the supply chain including the cash wallet, power distribution and transaction originate.
As the nation’s rapid transformation journey advances further into the Fourth Industrial Revolution, blockchain technologies can drive greater growth in various sectors and serve as potent enablers for Industry4WRD (the National Policy on Idustry 4.0) and aiming to drive change in the manufacturing sector by making the traceability process more transparent and immutableMIMOS Chief Technology Officer, Thillai Raj
The keys features of using blockchain technologies can simplifies and shorten the set up processes and make the ongoing deployment easier. Moreover, it ensure the best security, scalability and performance characteristics required for production use.