London, United Kingdom, July 09, 2022 (GLOBE NEWSWIRE) — “Meta World (METAD), https://metaworldd.net/, will create millions of jobs for developers and creators and be one of the most advanced digital infrastructures in the world,” said billionaire Mai Woo Min.
“This ecosystem will be developed in 6 areas: smart contracts, financial services, games for profit (GAMES – NFT), supply chain, healthcare and cryptocurrencies to serve the ecosystem and METAD partners worldwide,” said Michael Sam, CEO of METAD.
- Smart Contracts: Blockchain-based smart contracts are proposed contracts that can be partially or fully executed or enforced without human interaction. One of the main goals of a smart contract is automated escrow. A key feature of smart contracts is that they do not need a trusted third party (such as a custodian) to act as an intermediary between the contracting entities – the blockchain network executes the contract itself. This can reduce friction between entities in the transfer of value and subsequently open the door to a higher level of transaction automation.
- Financial Services: Within Financial Services, we offer a variety of blockchain products and services that combine our deep technology expertise with our traditional advisory and financial services expertise and domain knowledge. We enable and drive change across sectors. We are proactively evaluating many of the business ecosystems that can be enabled by blockchain and working with our clients to manage the business transformations made possible by this technology. Securitization, Payments and Settlements, Intercompany Settlement, Syndicated Loans, Custody of Digital Assets.
- Games Play to Win (GAMES – NFTs): Blockchain technology such as cryptocurrencies and non-fungible tokens (NFTs) are used in video games for monetization. Many live service games offer in-game customization options such as character skins or other in-game items that players can earn and trade with other players using in-game currency.
- Supply Chain: Blockchain technology can be used to build applications on which multiple parties can transact directly through a peer-to-peer network, without the need for a central authority to verify transactions. Every network participant has access to a shared ledger that immutably and cryptographically records all transactions and has no single network owner.
- Healthcare: Blockchain has a wide range of applications and uses in healthcare. Registry technology facilitates the secure transfer of patient medical records, manages the drug supply chain, and helps health researchers unlock the genetic code.
- Cryptocurrencies: A cryptocurrency is a tradable digital asset or digital form of money built on blockchain technology that only exists online. Cryptocurrencies use encryption to authenticate and secure transactions, hence their name. There are currently over a thousand different cryptocurrencies in the world, and many see them as the key to a fairer future economy.
SAPA Thale Group Executive Chairman, billionaire Mai Vu Minh, said that with Meta World, SAPA Thale is aiming for a “big digital economy” that will open right into the virtual universe under construction. Trading will be a big part of Meta World, where users will sell both physical and digital products.
Mai Vu Minh sees the potential of using Blockchain to provide supply chain transparency, enable fast transactional payments, digitize art and ensure data privacy.
“The use of Blockchain can bring unprecedented security, trust, automation and efficiency to almost any type of transaction,” Min said.
It is considered a positive signal from the technology race, when the value of Blockchain has helped many investors become billionaires.
Mai Vu Minh is one of the many billionaires who have invested in Blockchain after realizing the benefits of this technology.
Company Name: META WORLD