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OK Blockchain Centre Sets Foot in Medini

OK Blockchain Centre (OBC) is now open for business! Aiming to be the most reliable and fastest growing crypto corporation, it has around 40 blockchain technologists to kick-start its operations at Medini 9. Founded in May 2018 by Mr. Gen Matsuda, the company is committed to pushing Medini City as the region's Crypt Bay.

"We're here to spearhead the blockchain-based technology which is unlimited to cryptocurrencies," said Matsuda Gen, Chief Executive Officer of OBC.

Mr. Kaneto Kanemoto, Founder and Executive Chairman of OKWave group, flew in from Tokyo to witness the ceremony. He was quick to add, "Let's connect the world using blockchain technology. I launched the world's first Q&A site in 1999 to eliminate the wall of misunderstanding and discrimination, to gain respect and forgiveness, and to contribute."


"To date, it has been used by 70 million people from 130 countries and today, I am deeply honoured to start this effort in Malaysia."

Earlier in April, OKWave successfully launched the Arigatou Economic Platform which improved token distribution, liquidity and settlement mechanism for existing Bitcoin transfer support functions.


OBC will implement blockchain technology for OKWave's core ABC technology (short for Artificial Intelligence, Blockchain and Chat). It will also work in interbank cryptocurrency transactions, cryptocurrency wallet and cryptocurrency exchange. Collaborating with other partners, services such as the Know-Your-Customer solution and Anti-Money Laundering support will soon be established.

OBC and Universiti Teknologi Malaysia (UTM) further exchanged an MoU to mark their agreement in industry visits, practical training, information sharing, technological expertise, exchange of educational materials and collaboration in publications and research.

"A Syariah-compliant Initial Coin Offering (ICO) is one of the initial use cases in the pipeline. We hope it will clear any misconception and uncertainties among Muslim users," said Professor Datuk Dr Ahmad Fauzi Ismail, Deputy Vice-Chancellor (Research & Innovation), UTM.


He also revealed that OBC has contributed RM 150,000.00 to fund a blockchain research laboratory in UTM, and another RM 50,000.00 in Cryptocurrency Wowbit (to be used in the initial use case in blockchain technology research).

Dr James Tee, Managing Director/Chief Executive Officer of Medini Iskandar Malaysia Sdn Bhd, was thrilled to welcome OBC to Medini 9. "OCB brings a wealth of knowledge and expertise in training local talents, and their operations here will kick-start a community that supports blockchain industry."

OBC is the first international tenant to move into Medini 9. More multinational companies are expected to join OBC in the next 12 to 24 months.

 

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