Qitmeer and MIFA sign strategic memorandum of understanding

Qitmeer signed a strategic MoU with the Malaysian Industrial Frontier Association (MIFA) at the INDUSTRY 4WRD FORUM 2022 held in Kuala Lumpur, Malaysia on 27 January 2022. The forum was chaired by His Excellency Dato’ Ahmad Amzad bin Hashim, Deputy Minister of Science, Technology and Innovation of Malaysia and the MoU was also witnessed by His Excellency.

Qitmeer is the first public chain dedicated to serving the ethical finance, socially responsible investment and Islamic finance ecosystem, aiming to serve as a holistic financial infrastructure to seamlessly enhance financial inclusion. Qitmeer is a new generation of public chain based on Block DAG, which adopts a collaborative mining model based on the traditional competition model, thus achieving an ideal balance of typical blockchain indicators, namely security, decentralization and scalability.

About MIFA

MALAYSIA INDUSTRY FORWARD ASSOCIATION, MIFA is a leading community platform that provides outstanding membership value related to Industry4WRD policies in Malaysia. It connects relevant stakeholders, entrepreneurs, researchers and policymakers with powerful voices that have a strong influence on the innovation, development and market deployment of Industry 4.0 and Industrial Revolution 4.0 technologies and applications, while stimulating and leading a conducive business environment. MIFA members focus on nine (9) key pillars: Autonomous Robotics, Simulation, System Integration, Internet of Things, Cybersecurity, Cloud Computing, Additive Manufacturing, Big Data and Analytics.

Qitmeer and MIFA agreed to explore future use cases of the Malaysian Ringgit-based stablecoin in the joint development of Qitmeer Layer 2, asset tokenization, payment portals, NFTs and DeFi among MIFA and its member high-tech companies in early 2022.

Qitmeer website:

https://qitmeer.io/

MIFA website:

https://mifa-i4.my/

About Qitmeer

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

Compared to the competitive model, BlockDAG's collaborative model in mining achieves an ideal balance of typical blockchain metrics between security, openness, fairness, and scalability.

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

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Qitmeer and MIFA sign strategic memorandum of understanding

About MIFA

About Qitmeer

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