• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Metaplanet Acquires 1,088 Bitcoin, Boosting Holdings Significantly

    BTC, ETH Reserves on Exchanges Hit Historic Lows

    Bitcoin Exchange Reserves Hit Historic Lows Amid Broad Market Implications

    Bitcoin Exchange Reserves Reach Historic Lows Influencing Market Dynamics

    Bitcoin Exchange Reserves Reach Historic Lows

    Bitcoin Exchange Reserves Hit All-Time Lows

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Binance’s CZ Proposes Dark Pool DEX for Crypto Futures

    Vitalik Buterin Plans to Scale Ethereum Tenfold by 2025

    Vitalik Buterin Plans Ethereum Scaling to 100,000 TPS

    Vitalik Buterin Plans Major Ethereum Scaling Boost

    Ripple CEO Urges Crypto Unity, Addresses Bitcoin Tensions

    Ripple CEO Calls for Crypto Community Unity

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Malaysian Government to Adopt Blockchain Technology for its Three Main Sector

Joshua T. by Joshua T.
September 26, 2018
in Finance & Blockchain, Latest News
Malaysia adopting blockchain

Source: wmaproperty.com

The Malaysian government has seen the need to integrate blockchain technology into its top three industries. This is in its efforts to enhance the growth of the country economically and also ensure a transparent and efficient system of operations across these sectors. This initiative by the Malaysian government is spearheaded by the Malaysian Industry-Government Group for High Technology (MIGHT) task force. The targeted sectors by this task force are; palm oil, renewable energy, and Islamic finance.

What the (MIGHT) Task Force Plans to Achieve with Each Sector

The task force has made it known that it will be using a unique approach for each sector due to their wide differences.

Plans for the Renewable Energy Sector

The approach for the renewable energy sector, for example, will involve meeting with local stakeholders and hold discussions on how blockchain technology can be applied to help increase the growth of the sector and its users. The advent of blockchain technology in the energy sector will help confer transparency over how renewable energy is being generated. This way it will become very clear if the energy generated is truly renewable or is wrongly labeled. This way, customers will be sure of what they are paying for.

Plans for the Palm Oil Sector

The integration of the blockchain technology into the Palm oil sector, on the other hand, will help to clarify that Malaysian palm oil is from a government-approved ethical production line and no child labor was employed in the production of the oil. This is expected to further attract foreign investors to the Palm oil sector and also increase the stakes of the government in the world palm oil industry.

Plans for the Islamic Banking Sector

A report from 2016 has shown that Islamic banking accounts for 28% of Malaysia financial sector. The Malaysian government is looking to increase this percentage to about 40% by the year 2020.

This is why the government believes the integration of blockchain technology into this sector will help to reduce costs of the strict ethical regulations that Sharia laws require from financial and banking services.

Tags: BankingEnergyFinanceIslamicMalaysianPalm
Previous Post

Monero Developers Handle the Recording Error that Threatens the Network

Next Post

0x v2.0 now Runs on Ethereum Mainnet

Joshua T.

Joshua T.

Related Posts

Global Debt Reaches $324 Trillion in Q1 2025

by Solomon M.
June 2, 2025

Global debt hits $324 trillion in Q1 2025, driven by China, France, Germany.

Robert Kiyosaki Prioritizes Silver Over Bitcoin and Gold for 2025

by Solomon M.
June 2, 2025

Robert Kiyosaki shifts focus to silver, predicting 3x returns in 2025 over Bitcoin and gold.

Changpeng Zhao Proposes Decentralized Dark Pool for Crypto Futures

by Solomon M.
June 2, 2025

Changpeng Zhao suggests a dark pool-style DEX for crypto futures, prompting market speculation.

Elon Musk Unveils XChat with Bitcoin-style Encryption

by Solomon M.
June 2, 2025

Elon Musk announces XChat on X, integrating Bitcoin-style encryption for secure messaging.

Elon Musk Launches XChat with Bitcoin Encryption on X

by Solomon M.
June 2, 2025

Elon Musk introduces XChat, a new X messaging system using Bitcoin-style encryption for secure communication.

Elon Musk Launches XChat with Bitcoin-Style Encryption on X

by Solomon M.
June 2, 2025

Elon Musk unveils XChat on X, incorporating Bitcoin-style encryption for secure messaging.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

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