April 23th, 2024 , marked an exciting day for us at Rtist.co , as we had the pleasure to have been invited to attend the national launch of MasChain hosted by Masverse at Asia Pacific University as a media partner. We explored the world of blockchain technology, Web 3.0 and how Masverse is headlining the blockchain revolution with MasChain.
Blockchain Is Complicated, MasChain is Here to Make it Straight-Forward
Masverse is on a mission to integrate the traditional web (Web 2.0) with the burgeoning world of Web 3.0 through its revolutionary layer 1 blockchain, MasChain. Interoperability and integration are the cornerstones of MasChain's design. Recognising the importance of bridging Web 2.0 companies with Web 3.0 functionalities. MasChain provides a user-friendly API layer, which allows traditional enterprises to engage in Web 3.0 activities without the complexities.
Emphasising Public Access to Blockchain Technology
The launching started with an opening address from Suresh Naidu Sadasivan, Director of Communication and Innovation with Masverse, who emphasized the importance of public blockchain technology towards enterprises, government agencies and even education. Public blockchain technology is transitioning from being an option, to a necessity to modern organisational strategies.
Predicted Market Size of $10 Trillion by 2030
Venus Khor, Masverse's Chief of Brand also announced Masverse as the recent receipient of Malaysia Digital status, cementing their position as one of the digital transformers of Malaysia. Furthermore, Masverse reached out to 50,000 Malaysians in the Web 3 and Blockchain technology since its creation in 2022. With the predicted overall market size of $10 Trillion by 2030 for Web 3 and Blockchain technology, Masverse will be spearheading the Malaysian public blockchain movement.
The Official Launch
Chew Kian Kok, CEO of Masverse was accompanied up the stage, with Malaysian Digital Economy Corporation (MDEC) Head of Domestic Digital Investment, Danesh Johtiprahasam to officiate the launching of MasChain. This ushered in a new era of public access to blockchain technology.
We also witnessed the Memorandum of Understanding and Memorandum of Agreement between Masverse and various technological and enterprise partners, including Jomstay Digital (tourism platform), Resonex (retail solutions) and more.
We Concluded the Day With a Panel Discussion on The State of Blockchain and Its Future in Malaysia
During the discussion, came some fruitful results. As blockchain sounds complicated, the leaders in the blockchain industry are taking action to make blockchain a more relatable and less complicated technology.
But a huge message to the upcoming generation by the panellists, is to solve problems using these already existing tools. "The tools have been made, its now up to you to solve problems with it".
As we bid farewell for the day, we couldn't help but feel the sense of security knowing that technology is actively evolving and we will be part of this revolution as a whole. Think about it, blockchain designer's portfolios to prevent portfolio theft.
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Learn more about Masverse: https://www.masverse.com.my/about
