Malaysia’s MIMOS Partners with Oracle to Improve Transparency via Blockchain

Asia Blockchain Review
July 1, 2019

MIMOS Berhad, Malaysia‘s national applied research and development center under the purview of the Ministry of International Trade and Industry, has announced plans to expand its partnership with Oracle to explore government applications for blockchain technology. 

According to SME Magazine, the aim is to streamline various processes and improve the ease of doing business in Malaysia

MIMOS had previously experimented with Open Source Hyperledger and completed a proof of concept (PoC) involving palm oil traceability. The center then broadened its experimentation by approaching Oracle for use of the cloud-based Oracle Blockchain Platform.

Oracle Blockchain Platform Provides Integration and Scalability

Among the features considered key to Oracle Blockchain Platform getting selected was its plug and play integration with existing business systems. This effectively simplifies and shortens setup processes while making ongoing deployment easier.

Another important factor was the platform’s enterprise-grade architecture, which ensures the enhanced security, scalability and performance characteristics necessary for production use.

Being delivered as an open platform also allows MIMOS to more easily link with other systems or Oracle applications if it becomes necessary to gain deeper analytics capabilities or simplifying reporting.

Multiple Blockchain Prototypes in Development to Drive Growth

In addition to product traceability, which explores how blockchain can help curb potential food-related crises by tracking products in supply chains, the resulting blockchain prototypes in development include cashless wallets, power distribution and transaction origin. 

Thillai Raj T. Ramanathan, Chief Technology Officer at MIMOS, noted that as Malaysia’s transformation advances further into the Fourth Industrial Revolution, blockchain can help drive growth in various sectors. He also said it can serve as potent enablers for the national Industry 4.0 policy, known as Industry4WRD.


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Global Islamic FinTech 2020: A Digitalised Economy Growth To Look Out For
    If you are new in this sector, Asia Blockchain Review is ready to get you started on the whole missi...

    February 26, 2020

    Singapore: Cementing its Position as SEA’s Blockchain and Crypto Hub
    Given the government’s pro-blockchain policy, coupled with the strong financial support of the marke...

    February 14, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us