Date : 20-Jun-2019
Location: Kuala Lumpur
Location: Kuala Lumpur
- MIMOS Berhad, Malaysia’s National applied research and development centre under the Ministry of International Trade and Industry (MITI), today announced plans to expand its collaboration with Oracle to explore how the Government can utilise Blockchain to streamline various processes with the aim of improving the ease of doing business in Malaysia.
- MIMOS had initially experimented with Open Source Hyperledger and had completed a proof of concept (POC) with respect to traceability of palm oil.
- Wanting to broaden its experimentation, MIMOS approached Oracle for use of the latter’s cloud-based Oracle Blockchain Platform. The resulting blockchain prototypes in development - in addition to product traceability, which explores how blockchain can help curb any potential food-related crises such as outbreaks and contamination by increasing the visibility and traceability of products in the supply chain - include cashless wallets, power distribution, and transaction origination.
- MIMOS Chief Technology Officer Thillai Raj, said blockchain technology is userful to serve as potent enablers for Industry4WRD (the National Policy on Industry 4.0) - for example, the manufacturing sector can transcend traceability process to become more transparent and immutable.
- Sim Tze Tzin, Malaysian Deputy Agriculture and Agro-based Industries Minister, said government is looking into utilizing blockchain to track and control agricultural and Halal products.
- Fitri Abdullah, Managing Director, Oracle Malaysia credited MIMOS for the role of raising Malaysia’s innovation competitiveness, as well as bridging the divide between private and public sector covering all aspects of activities such as business, educational, community and etc - Oracle is honoured through this collaboration.
- The Oracle Blockchain Platform is an enterprise-grade architecture platform which ensures the best security, scalability, and performance characteristics required for production use.
- Being an open platform, it gives MIMOS the potential to more easily connect into other systems or Oracle applications should the need arises, like Oracle ERP Cloud for supply chain purposes or Oracle’s Autonomous Database, to gain deeper analytics capabilities, to simplify reporting by creating interactive dashboards and reports.
- MIMOS to serve as consultant and bridge of public sectors for blockchain adoption projects targeting traceability process enhancement.
- Without collaboration with Oracle, the reliance on open source blockchain platforms often requires extra resources for R & D and technical support.
- The adoption of Oracle Blockchain Platform allows potential customers to dwell into implementation phases immediately, leveraging the technical expertise of both MIMOS and Oracle implementation teams.
- The only disadvantage of projects adopting Oracle Blockchain Platform is where there will be no new intellectual property being developed - nonetheless, Oracle Blockchain Platform is pay per use and does not limit vendor lock-in.
|MIMOS Campus in Technology Park Malaysia, Kuala Lumpur|