26/04/19 07:21 UTC-4

Malaysia will build a blockchain-city of the future with the support of China

Malaysia will build a blockchain-city of the future
Malaysia will build a blockchain-city of the future

The Malaysian city of Malacca will soon turn 835 acres into the tourist blockchain-city of the future, with the support of the Chinese government and several large corporations.


Melaka Straits City

Melaka Straits City will be built on a total area of ​​635 acres of land, where along the coastline, boutique hotels and about 100 villas with beautiful sea views and private access to the beach will be built. While another 200 acres of marine territory will be reserved for the construction of chalets and reservoirs.

Melaka Straits City aims to become the leading tourist destination in Malaysia. China’s Ministry of Tourism estimates a total of 3 million visitors per year. The project is planned to become the first blockchain-city in Asia and already occupies the first place in the rating of BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details

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Using Blockchain

Lim Keng Kai, an official representative of Melaka Straits City, said: "The DMI platform with the DMI coin, the cryptocurrency cooperation between the DMI and Melaka Straits City, which will mainly be used to pay for public services in the city, will be the basis of the blockchain technology in Melaka Straits City."

However, an exchange will also be organized at DMI, where tourists visiting the city will be able to exchange their paper currencies for DMI coins.

"Tourists in the city will have to exchange their money for digital currencies, which they can use to pay for services using their mobile phones or computers. The DMI web application will be available on the PC, and the mobile applications will run on Android and iOS devices to provide flexibility regardless of user preferences," – Lim Keng Kai.

Creation of Melaka Straits City – the blockchain-city of the future. The main goal of the Melaka Straits City project is to build a tourist city based on the blockchain-technology. In particular, this implies the creation of a new brand of urban tourism blockchain, which will contribute to the development of tourism in the country and improve education.

Editor: Yuliya Soroka

See also: "Regulation of cryptocurrency inflation: Bitstamp representatives about the secrets of the Ripple price"

#Malaysia #blockchaincity #blockchain #cryptocurrency



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