Signed tripartite MOU to provide eXcelKEY and eXcelDRIVE branded blockchain services.
Hitachi Sunway Information Systems Sdn Bhd (“Hitachi Sunway”) a leading one-stop ICT and digital services and solutions provider in ASEAN, is pleased to share that it has signed a memorandum of understanding (MOU) with BaaS Holdings Pte. Ltd. (“BaaSid”) and BaaS Asia Sdn Bhd (“BaaS Asia”) to provide enterprise-level blockchain-as-a-service (BaaS) platform service in ASEAN. This strategic collaboration will empower businesses and protect data privacy through enterprise class blockchain technology.
Blockchain is one of the most disruptive technologies in decades. It is a game-changer for many industries as blockchain enable trust, provide transparency and reduce friction across business eco-systems.
We are excited to announce the availability of an enterprise-level blockchain platform service – eXcelDRIVE, a blockchain driven data storage & protection platform, and eXcelKEY, a blockchain driven mobile authentication platform for 2-Factor-Authentication. Our blockchain platform is built to empower organization to take control of distributed transactions securely and conveniently. eXcelDRIVE and eXcelKEY are hosted on Hitachi Sunway’s unique hybrid cloud framework, eXcelCLOUD solutions and managed services - which covers both on-premise and off-premise cloud platforms.
“I am excited that after months of intensive discussion with BaaSiD and BaaS Asia, we are ready to launch an enterprise-level blockchain platform service. Blockchain has the power to impact almost all industries and has applicability to verticals from transportation, supply chain and logistics, energy, retail and ecommerce, to financial services, telecommunications and public sector. We believe eXcelDRIVE and eXcelKEY will enable organizations to reshape their operation and business models leveraging on blockchain platform” said Cheah Kok Hoong, Group CEO / Director of Hitachi Sunway.
eXcelDRIVE and eXcelKEY are powered by blockchain services that are oriented towards decentralization. The key here is to create a link between blockchain and non-blockchain methods, perform verification in
the absence of a source, and to achieve complete decentralization through a public network consisting entirely of participants (users or nodes) without the necessity of an authenticated certificate from a third-party certification authority.
Organizations will be able to identify and validate every process, transaction and payment in a digital record and signature stored in a distributed fashion based on a split and distribution engine to eliminate a single point of failure. This is crucial because the central data repository is often the target for cyber criminals.
James Huang, Founder / CEO Taiwan of BaaS Holdings shared “BaaSid is an established and experienced global provider of blockchain-based data security solutions for Distributed Data Storage ("Destorage") and 2nd Verification. Our strategic partnership with Hitachi Sunway is to bring a mature, fully tested, and secure blockchain infrastructure to organizations in ASEAN by leveraging on respective strength. We are positive that eXcelDRIVE and eXcelKEY will be the next-generation Blockchain as a Service (BaaS) platform for organizations in ASEAN.”
