Malaysia: DNeX inks MoU with PIJ Holdings

left to right : Muhammad Fuad Radzuan, Managing Director, PIJ Holdings, and Datuk Samsul Husin, Executive Deputy Chairman of DNeX, and also Executive Chairman of Dagang Net

KUALA LUMPUR (Aug 13): Dagang NeXchange Bhd (DNeX) has inked a memorandum of understanding with Johor government-owned Perbadanan Islam Johor Sdn Bhd (PIJ) to work on the Johor halal certification blockchain system (JHCBS).

In a statement, the group said its wholly-owned subsidiary Dagang Net Technologies Sdn Bhd inked the MoU with PIJ, which will see the two working on the JHCBS.

This includes the embedding of blockchain technology for the application and verification of halal and marriage certificates.

The two groups will also look in the development and implementation of a digital halal hub and an e-commerce halal platform.

The MoU was signed today by DNeX executive deputy chairman Datuk Samsul Husin and PIJ Holdings managing director Muhammad Fuad Radzuan.

“We are honoured to be working together with PIJ Holdings in adopting disruptive technologies such as blockchain, to be the main driver of growth for halal supply chain in Johor and businesses in the halal segment,” Samsul said.

He added that the group’s digital solutions are available through the Dagang Net Digital Platform.

As a result of being backed by technologies such as blockchain, artificial intelligence, big data analytics and radio frequency identification, the platform was able to provide services that are seamless and user-friendly, with an omnichannel ecosystem securing the Dagang Net Digital Platform.

Meanwhile, Muhammad said PIJ had the responsibility to empower the Muslim community’s socio-economic development, as well as provide assistance for them to discover the potential value of the digital economy.

“We need to unlock the potential value of digital economy, and subsequently achieve our agenda, which is to transform the state to be aligned with the digital economy development and 4th Industrial Revolution,” he said.

PIJ Holdings is involved in farming & agriculture, property development, manufacturing, utilities, oil & gas, halal industry development and waqaf management.

DNeX’ counter declined 1.89% or half a sen to 26 sen today, valuing the group at RM457.09 million.