EPC Blockchain, a primary project on the BESC platform wins a much coveted grant from
the Malaysian national technology commercialisation platform, PlaTCOM Ventures.
KUALA LUMPUR, MALAYSIA / 1 JUNE 2019 - EPC Blockchain Sdn Bhd (“EPC
Blockchain”), a Malaysian company committed to mitigating global climate change through
the ProximaX-powered Blockchain Energy Savings Consortium (BESC), has been granted
RM 1,032,045 (USD250,000) funding by PlaTCOM Ventures Sdn Bhd to further its project.
Founded by experienced energy experts, BESC utilises the ProximaX Sirius platform as a
ledger to document and record data on energy generation, usage and reduction, as well as
to keep track of, notarise, and trade Certified Emission Reductions (CERs) aka carbon
credits and Renewable Energy Certificates (RECs). BESC also actively attracts global
investors, promoting crowdfunding opportunities into energy efficiency and renewable
energy projects.
After PlaTCOM Ventures had run an in-depth series of eligibility assessments, EPC
Blockchain has then been successfully admitted into High Impact Programme 2 (HIP2) -
Technology Commercialisation Platform (TCP) under the SME Masterplan 2012-2020. The
programme designed by SME Corporation Malaysia (SME Corp) and Agensi Inovasi
Malaysia (AIM) for SMEs is to help them seamlessly move their innovations along the
complex stages of the commercialisation process.
In congratulating EPC Blockchain, ProximaX CEO Lon Wong said, “Firstly, we would like to
congratulate EPC Blockchain for securing the grant from PlaTCOM Ventures. It is without a
doubt an accomplishment that deserves recognition and global attention because it is
supported by not just one technology accelerator investor in PlaTCOM Ventures but also
from 1337 Ventures under the Khazanah NEO (Nasional Entrepreneurship Outreach)
program and the Cyberview Living Lab Accelerator program.”
“We are equally happy about ProximaX Sirius having an important role to play in BESC’s
blockchain-powered climate mitigation project. This is another demonstration of the vast
utility of the Sirius platform and its application in yet another industry with a focus on carbon
credit and energy management,” continued Lon.
Through its patent-pending platform at BESC, where it is also building a Platform as a
Service (PaaS) - a one-stop platform for energy monetisation, EPC Blockchain will play a
critical role to the growing number of corporate companies heeding sustainable corporate
business practices from the environmental, social, and governance (ESG) initiatives. To this
end, BESC shall grow to be the ideal platform for companies seeking to level off their carbon
footprint by purchasing carbon credits, monetising carbon credits from their carbon emission
savings, helping project owners to raise funds from investors, and implementing energy
projects. All these, supported by the all-encompassing ProximaX Sirius.
“Our confidence in BESC is credited to the reliability and robust scalability of the ProximaX
Sirius platform and this has enabled us to venture out boldly,” said EPC Blockchain’s Chief
Technology Officer Tan Lim Soon Fu. “We are now in the midst of piloting several projects
including an energy efficient building, solar Photovoltaics (PV) at carpark rooftop as a source
for renewable energy, and solar-powered charging stations for electric vehicles”.
As a climate mitigation platform of choice, BESC will also retain information captured by
intelligent energy management system related to electrical equipments’ carbon emission
avoidance in industries, buildings and homes. Data from here shall be used as analytics for
future climate mitigation purposes while at the same time serve as useful data points to
monetise carbon credits in the BESC marketplace.
As a homegrown player, EPC Blockchain will do its best to support Malaysia’s pledge to
reduce 32 million tonnes of carbon emission by 2020 and a 45% reduction in greenhouse
gas emission intensity of GDP by 2030, which the country ratified in 2015 with the Paris
Agreement.
In a World Bank video, Malaysia’s Minister of Energy, Science, Technology, Environment
and Climate Change, YB Yeo Bee Yin stated, “We have implementations, we have
roadmaps but what we really need right now is to facilitate the financing to realise all this
potential”.
It is hoped that the BESC Marketplace shall be the confluence of meeting points for project
owners, corporations, service providers and decentralised apps developers.
About EPC Blockchain
EPC Blockchain aims to empower the general public to invest into energy efficiency and
renewable energy projects by building a transparent, trustworthy and decentralised platform
for tracking every facility’s energy generation/savings, easing funding energy efficiency
projects with a revolutionary crowdfunding model, and establishing a transparent, credible
and auditable carbon token monetisation and trading platform. Blockchain Energy Savings
Consortium (BESC) is the blockchain platform to fulfill that ambition.
Contact: KT Man | bizdev@epcblockchain.com
Website: https://www.besc.online/
About ProximaX
ProximaX is a next-generation Integrated and Distributed Ledger Technology (“IaDLT”)
infrastructure platform solution powered by blockchain technology. It extends beyond
traditional blockchain protocols by integrating off-chain, peer-to-peer storage, streaming, and
database service layers that are often found in traditional software-as-a-service (“SaaS”)
centralised architectures. Together, the blockchain protocol and off-chain service layers
form the ProximaX Sirius platform, the core development platform solution in the ProximaX
ecosystem.
The ProximaX Sirius platform’s use cases include, but are not limited to, KYC processes,
business continuity, video streaming, health, identity, IoT devices and robotics, big data
applications, records and reporting systems, traceability, legal and notary services, land
registry, trade finance, workforce collaboration, messaging, and supply chain management.
Media Contact: Sue Ng | sue.ng@proximax.io
Website: www.ProximaX.io
The ProximaX Sirius platform supports a wide range of applications and solutions for many
industries. To learn how this platform can benefit your business, please contact
<joe.chai@proximax.io>.