CONSORTIUM FINTECH HUB

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FINAZ IS IN COLLABORATION WITH OMC GROUP SDN BHD, THE DEVELOPER AND MANUFACTURER OF OMC BLOCKCHAIN POS TERMINAL (OMCOIN MINING MACHINE) WHEREIN FINAZ SHALL ACT AS THE MARKETING CONSULTANT FOR ITS OMCOIN MINING MACHINE.

BEFORE GOING INTO WHAT OMC GROUP SDN BHD’S (OMC GROUP) AUTHORISED PROOF OF CAPACITY (APOC) IS ABOUT, A BIT OF HISTORY IS NEEDED. BLOCKCHAIN WAS INVENTED IN 2008 TO SERVE AS A PUBLIC TRANSACTION LEDGER FOR THE BITCOIN PROTOCOL, WITH THE ORIGINAL CONSENSUS ALGORITHM USED TO VALIDATE, AUDIT, STORE AND SECURE THESE TRANSACTIONS KNOWN AS PROOF OF WORK (POW). LATER, PROOF OF STAKE (POS) WAS CREATED AS AN ALTERNATIVE TO POW, WITH THE ETHEREUM PROTOCOL AMONG THOSE TRANSITIONING TO POS.

THE FIRST MINER OR NODE TO SUCCESSFULLY SOLVE THE PUZZLE THEN GETS REWARDED, FOR EXAMPLE WITH BITCOIN OR ETHER IF MINING THROUGH THE ETHEREUM PROTOCOL. THE PROBLEM WITH NODES USING POW IS THE AMOUNT OF COMPUTING POWER NEEDED TO SOLVE THESE PUZZLES, WHILE THOSE USING POS HAVE TO STAKE THEIR PROJECT CRYPTOCURRENCY TO VALIDATE TRANSACTIONS. TO SOLVE THE NEED FOR USING HUGE AMOUNTS OF COMPUTING POWER, WHICH NEEDS LOTS OF ELECTRICITY, PROOF OF CAPACITY (POC) WAS CREATED. POC IS A CONSENSUS ALGORITHM ALLOWING MINERS TO PRE CALCULATE THE ANSWER OF THE PUZZLES AND STORE THEM IN THE HARD DRIVE.

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PANPAY
PANPAY IS IN COLLABORATION WITH BEEKASH AND OMNIPAY AS A PAYMENT GATEWAY WHERE NUMEROUS TRANSACTIONS INCLUDING PAYMENT OF UTILITIES BILL, TRANSFER OF MONIES, AND OTHER FINANCIAL SOLUTIONS. PANPAY IS THE COPYRIGHT AND INTELLECTUAL PROPERTY OF PANTOP CORPORATION.

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E-COMMERCE

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QMIS Beekash (M) Sdn. Bhd. is in a collaboration partnership with Beliloh, Rojakkk!, EzyMart, Massatty, Yikbz, Prestodreamhome, just to name a few, all powered by Richwood Ventures Berhad to provide a safe and comfortable online shopping experience to the customers, with a wide spectrum of products and great bargains to suit different needs.

Mobile Commerce . Electronic Fund Transfer . Supply Chain Management . Internet Marketing . Online Transaction Processing . Electronic Data Interchange (EDI) . Inventory Management System . Automatic data collection centre