Artroniq in MoU with Panda Bank


Through this partnership, Artroniq and StoreHub will establish an ecosystem for software, point-of-sale (POS) hardware warranty support, and user dependability. Artroniq will be contributing its expertise in hardware warranty, logistics, and deployment services, while StoreHub provides specialised POS software, app installation, and training services, Artroniq said in a statement.

PETALING JAYA: Artroniq Bhd’s wholly-owned subsidiary EA Global Integrated Sdn Bhd has entered into a letter of intent to provide services and consultation to Cambodia’s Panda Commercial Bank PLC in the research and development of blockchain financial services.

In a filing with Bursa Malaysia yesterday Artroniq stated the total investment by Panda for the research and development of financial services with blockchain technology is about US$10mil (RM46mil).

The investment over a two-year period will include the compiling of documentation and requirement, research and development of smart contracts for blockchain financial services such as assets management, payment, remittance and insurance solutions, consultation services and maintenance services upon product launching.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

EcoWorld Malaysia opens on a slight lead after results announcement
Ringgit opens slightly higher on mild demand
Bursa in the red as Wall Street tumbles
Big Pharma could affect Big Food with obesity drugs, says Big Finance
Trading ideas: 7-Eleven, Eco World Development, Comintel, Visdynamics, KESM, Dayang and Ahmad Zaki Resources
MARii inks MoU with Indonesia’s IOI to advance automotive industry
EcoWorld Malaysia hits 87.4% of sales target
Sime Darby Property, TNB in sustainability tie-up
7-Eleven unit selling 75% stake in Caring Pharmacy
Database project on track for completion

Others Also Read