PUC Berhard teams up with Wanchain to tap blockchain potential

Malaysian e-commerce giant PUC Berhard has entered into a partnership with blockchain platform Wanchian as part of its efforts to integrate blockchain technology into its operations.

According to the official announcement on Medium, Wanchain will be the core technology provider for the Malaysian firm's blockchain strategy.

“A partnership with Wanchain will strengthen our position in the blockchain vertical as we look to incorporate this groundbreaking technology in various aspects of our business. We look forward to working together to bring added efficiencies, customer offerings, and other benefits to PUC’s ecosystem,” PUC Group Chief Commercial Officer, Kenneth Hiew said.

Wanchain Founder & CEO Jack Lu concurred, adding that this is just one out of many collaborations that the blockchain firm will be doing in the future. The firm basically wants to offer decentralization to all traditional establishments aiming for futurization.

“This is only the first of several upcoming cooperations between Wanchain and traditional companies looking to integrate blockchain into their businesses, and is significant not only for the Wanchain organization, but for the greater adoption and use of blockchain worldwide. Wanchain aims to be the go-to blockchain for businesses looking to take advantage of the uniquely powerful benefits blockchain brings,” Lu said.

As to what exactly this partnership between the two entities will bring, there are three main planned initiatives. These include decentralized credit scoring, tokenization of loyalty points for use in PUC’s ecosystem, and decentralized lending based on Wanchain’s blockchain technology.

It’s worth noting that PUC itself is intending on creating even more products and services in the future that will benefit from blockchain, CoinSpeaker reports.