BLOCKCHAIN VILLAGE AT MEDINI (BV@M)
Another initiative by IIB Ventures, is a game-changing project to develop and establish a Blockchain ecosystem in Medini City.
It was set up as the first coordinated national platform to innovate and capitalize on the advantages of blockchain technology. BV@M aims to be a magnet for both investors and job seekers who are looking to excel in the realms of blockchain technology, as one of the drivers to make Iskandar Puteri an economically, socially and environmentally sustainable metropolitan.
BV@M’s strategic goal is to be the “tipping point” of the blockchain industry development in the region. Four (4) strategic areas have been identified as the core to the BV@M developmental framework i.e. Talent, Infrastructure, Promotion and Policy (TIPP)
With the support and collaborations of multiple local and international organizations, this TIPPing Strategy is projected to bring in 1,200 jobs and RM562 million by 2022.
WHAT IS BLOCKCHAIN?
A blockchain is a decentralized, distributed and oftentimes public digital ledger that is used to record transactions across many computers so that any involved record cannot be altered retroactively, without the alteration of all subsequent blocks. (Wikipedia)
Blockchain is … proof. It proves you own something digital. Whatever digital information you have on the blockchain, the blockchain will prove that you own it. No one can pirate it or copy it. It is yours. (cryptomaniaks.com)
In order to change a single block (in a blockchain), a hacker would need to change every single block after it. Recalculating all those hashes would take an enourmous and improbable amount of computing power (making a hacker’s job very difficult and almost useless. (Investopedia.com)