MUSCAT, OMAN – Asia’s blockchain scene is about to get a boost, as new agreements were inked on Tuesday (May 1) to enhance cross-country partnerships and co-innovation between Oman and Malaysia companies.
This took place at the biennial Oman Global Tech & Investment Summit 2018 held at the Grand Hyatt, where a slew of memorandums of understanding (MOUs) were signed.
The planned Oman Global Tech & Investment summits targeted to bring billions of dollars’ worth FDIs, hundreds of latest technologies, products and services to Oman which can generate thousands of new employment & entrepreneurial opportunities to Oman for long time to come.
To improve market access for endowment (Waqf) assets from both countries and promote Malaysia as an ideal regional launchpad for the first ever endowment (Waqf) platform on blockchain, Finterra signed an MOU with National Technology & Services, (NTS). Finterra’s Endowment Chain allows participants to create project proposals to develop and invigorate endowment properties by placing these underdeveloped properties on blockchain.
Both organisations will facilitate bilateral partnerships for innovation, knowledge exchange and the sharing of best practices.