Qitmeer signs Strategic MOU with MIFA

Qitmeer signs strategic MOU with MALAYSIA INDUSTRY FORWARD ASSOCIATION (MIFA) on 27th Jan. 2022, on INDUSTRY 4WRD FORUM 2022, Kuala Lumpur Malaysia. The forum was officiated by H.E. Datuk Ahmad Amzad bin Hashim, Deputy Minister of MOSTI (Ministry of Science, Technology, and Innovation) Malaysia, and the MOU was also witnessed by H.E.

Qitmeer is the first public chain dedicated to serving the ecosystem of ethical finance, socially responsible investment, and Islamic Finance, which aims to act as the overall financial infrastructure to seamlessly enhance financial inclusion. Qitmeer is a new generation public chain based on Block DAG which adopts a collaboration model in the mining over the traditional competitive model, thereby achieving a desirable balance of typical blockchain metrics, i.e., security, decentralization, and scalability.

About MIFA

MALAYSIA INDUSTRY FORWARD ASSOCIATION, MIFA is the leading community platform that provides outstanding members value relates to Malaysia Industry4WRD Policy. It connects related stakeholders, entrepreneurs, researchers, and policymakers with a strong voice of influence on the innovation, development, and market deployment of I4.0 & IR4.0 technologies & applications while stimulating and spearheading a favorable business environment. MIFA members focus on Nine (9) Key Pillars: Autonomous robots, Simulation, System Integration, Internet of Things, Cybersecurity, The Cloud, Additive Manufacturing, Big Data, and Analytics

Qitmeer and MIFA agreed to explore future use cases of Malaysia Ringgit-based stable coin on layer 2 of Qitmeer, asset tokenization, payment gateway, joint development of NFT and DeFi, etc. in MIFA and among its member high-tech companies in early 2022.

Qitmeer website: https://qitmeer.io/

MIFA website: https://mifa-i4.my/

About Qitmeer

Qitmeer is the next-generation public chain based on BlockDAG which is dedicated to serving the ecosystem of Islamic Finance, ethical finance, and socially responsible investment, thereby enhancing financial inclusion and creating social impact.

In contrast to the competition model, BlockDAG’s collaboration model in the mining achieves a desirable balance of typical blockchain metrics among the security, openness, fairness, and scalability.

Qitmeer adopts a classic POW consensus and UTXO data model and designs a unique asset issuing mechanism which requires the reserve of native currency, which is in line with core ethical financial values.

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Qitmeer Network

Qitmeer Network is the next generation payment network infrastructure based on BlockDAG technology.