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Venom Blockchain and United Network Forge Strategic Partnership to Power Next-Generation Payment Systems

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DUBAI, UAE, April 24, 2024 /PRNewswire/ — Venom Blockchain and United Network have joined their strengths to create a revolutionary blockchain-powered payment infrastructure in a groundbreaking move that could redefine the future of global payments. This unique partnership aims to harness the speed and security of blockchain to transform the use of Central Bank Digital Currencies (CBDCs) and stablecoins. By integrating United Network’s robust payment infrastructure with blockchain smart contracts, this collaboration promises a payment system that can handle real-time card payments, thanks to Venom Blockchain’s impressive capacity of over 100,000 transactions per second (TPS). Key takeaways from this pioneering partnership:

  • Speed Redefined: The Venom Blockchain backbone unlocks the potential for lightning-fast card transactions, blurring the lines between traditional payment methods and the world of cryptocurrencies.
  • Scalability for the Future: Dynamic sharding empowers the system to expand alongside growing adoption, making it future-proof.
  • Uncompromising Security: United Network’s payment cards, multi-factor authentication, and digital wallets, coupled with Venom’s focus on government-level security, create a fortress for transactions.
  • The Power of Smart Contracts: Venom’s account abstraction allows the deployment of smart contracts, ushering in automation and streamlining payment processes.

Christopher Louis Tsu, CEO of Venom Foundation: “Venom Blockchain and United Network are transforming payments. Integrating our blockchain’s capabilities with United Network’s infrastructure unlocks the power of smart contracts. It sets the stage for seamless CBDC and stablecoin transactions, a major step towards mass adoption.”

About Venom Blockchain
Venom Blockchain is a high-throughput Layer 0 blockchain platform known for its asynchronous dynamic sharding and Threaded Virtual Machine (TVM) – ensuring scalability, seamless cross-chain interactions, and developer-friendliness for Web3 applications and government solutions. https://venom.foundation 

About United Network
United Network brings expertise in ready-to-deploy payment infrastructure. Their solutions encompass proprietary bank cards, a digital wallet, POS and ATM support, and robust security systems, making them a leader in building national and global payment ecosystems for fiat-backed stablecoins and CBDCs. https://unitednetwork.ae 

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Contact for Venom foundation:[email protected]

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IRIS Business Services Introduces “IRIS Myeinvois” SaaS Platform for Seamless e-Invoice Compliance in Malaysia

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NAVI MUMBAI, India, May 6, 2024 /PRNewswire/ — IRIS Business Services (BSE: 540735), a leading provider of innovative regulatory reporting software solutions, proudly announces the launch of ‘IRIS Myeinvois’, a cutting-edge Software as a Service (SaaS) platform designed to streamline e-Invoice compliance for taxpayers in Malaysia.

As per the mandate set forth by Malaysia’s tax regulator, Lembaga Hasil Dalam Negeri (LHDN), businesses are required to adopt electronic invoicing for tax compliance. In response to this regulatory requirement, IRIS Myeinvois offers a comprehensive solution that empowers businesses to achieve e-Invoice compliance effortlessly.

The hallmark feature of IRIS Myeinvois is its capability to seamlessly transform data from diverse source systems into the prescribed format for e-Invoice generation. This functionality not only simplifies the compliance process but also enhances efficiency by eliminating manual data entry errors.

Furthermore, IRIS Myeinvois provides users with flexible connectivity options, including API integration, file-based SFTP integration, manual file uploads, and direct manual entries via the intuitive portal interface. This versatility ensures that businesses of all sizes and technological capabilities can easily leverage the platform to meet their e-Invoice compliance obligations.

In addition to its core functionality, IRIS Myeinvois offers a range of value-added features to enhance user experience and maximize productivity. Customizable invoice templates enable businesses to tailor their invoices according to their branding and specific requirements. Real-time alerts ensure timely notifications for important events and deadlines, enabling proactive compliance management. Moreover, robust analytics capabilities provide valuable insights into invoicing trends and patterns, empowering businesses to make data-driven decisions.

“We are thrilled to introduce IRIS Myeinvois to the Malaysian market,” said Gautam Mahanti, Business Head at IRIS Business Services. “With its user-friendly interface, advanced features, and seamless integration capabilities, IRIS Myeinvois is poised to revolutionize e-Invoice compliance for businesses across Malaysia.”

About IRIS Business Services

IRIS Business Services  is at the forefront of solutions for regulatory reporting and compliance, trusted by over 30 regulators, 6000+ enterprises, in 52 countries.  

The tax technology division of IRIS, IRIS Tax Tech, aids businesses in fulfilling their GST compliance obligations and in processing e-invoices by serving over 1500 companies in India, generating over 3 mn e-Invoices every month.

Additionally, it is appointed by the Indian government as an Invoice Registration Portal (IRP) for companies to meet the e-invoicing mandate.

For more information visit – www.irisbusiness.com.   

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Halal Economy Leadership Forum 2024 Riyadh: IsDB, HPDC and HDC’s Collaboration to Spearhead Innovation for Global Halal Industry

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RIYADH, Saudi Arabia, May 6, 2024 /PRNewswire/ — The Halal Economy Leadership Forum 2024 (HELF 2024) held recently in Riyadh, Saudi Arabia, set the stage for a momentous gathering of industry leaders, policymakers, and experts to advance discussions on the Halal Economy—a vital cornerstone of global commerce. Hosted jointly by the Halal Development Corporation (HDC), the Halal Products Development Company (HPDC), and Islamic Development Bank (IsDB), the event featured the significance of fostering collaboration and driving innovation in the halal industry.

The forum was attended by His Excellency Datuk Wan Zaidi Wan Abdullah, the Ambassador of Malaysia to the Kingdom of Saudi Arabia, representing Malaysia’s Minister of Investment, Trade and Industry, The Hon. Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz. Also attended were President of IsDB, H.E. Dr. Muhammad Al Jasser, Mr. Fahad S. AlNuhait, Chief Executive Officer of HPDC and Chairman of HDC, Mr. Khairul Azwan Harun. This line-up showed the shared commitment of Malaysia and Saudi Arabia towards advancing the principles and values of the Halal Economy.

The Halal Economy, rooted in Islamic ethics and jurisprudence, spans across diverse industries such as food and beverage, pharmaceuticals, cosmetics, finance, and tourism, offering vast opportunities for economic growth and sustainable development. Malaysia, a global leader in the halal industry, has positioned itself as a hub for halal excellence through strategic initiatives and partnerships, facilitating trade and investment between the East and the West.

This strategic partnership aims to leverage the collective expertise and resources of the organizations involved to drive innovation, facilitate trade, and promote economic development within the halal industry across 57 Member Countries and Non-member Countries.

Quoting Tengku Datuk Seri Utama Zafrul’s speech read by H.E Datuk Wan Zaidi, he emphasized the importance of collaboration in advancing the halal economy, stating, “This tripartite collaboration signifies a significant step forward in our efforts to strengthen the halal ecosystem and promote inclusive economic growth among IsDB Member Countries and beyond.”

Part of the HELF 2024, a Business-to-Business (B2B) networking session hosted by the HPDC was held for the Malaysian delegates. Both the B2B and HELF 2024 managed to achieve its target to help the industry players gain insights and acquire knowledge on Halal, as well as sourcing or securing new strategic partnerships for businesses. Among the countries that show interest in getting HDC’s expertise are Nigeria, Pakistan, Mauritius, Morocco, Rwanda, and South Africa.

The outcome of this collaboration is to offer IsDB Member Countries and non-member countries the best solutions in the Halal Ecosystem Development & Enablement. This includes utilizing financial instruments available to address intra-trade deficits and capitalize on potential markets. The forum also outlines joint efforts to develop a high-quality halal products ecosystem and analyze successful halal ecosystem models and market solutions.

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China-France forum underscores people-to-people, cultural exchanges

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PARIS, May 5, 2024 /PRNewswire/ — A forum on the development of people-to-people and cultural exchanges between China and France was held here on Saturday, in a bid to boost cooperation and mutual learning.

 

President of Xinhua News Agency Fu Hua attends a forum on the development of people-to-people and cultural exchanges between China and France and delivers a speech, in Paris, France, May 4, 2024. (Meng Dingbo)

 

Chinese Ambassador to France Lu Shaye, speaks at a forum on the development of people-to-people and cultural exchanges between China and France, in Paris, France, May 4, 2024. (Lian Yi)

The participants agreed that strengthening cultural exchanges and cooperation between China and France will not only help broaden consensus and deepen mutual trust, but also promote the two great civilizations and other civilizations worldwide to achieve each other and to rejuvenate with fresh vitality in the new era.

This year marks the 60th anniversary of the establishment of diplomatic relations between China and France and is also the China-France Year of Culture and Tourism.

In his opening speech, President of Xinhua News Agency Fu Hua said the forum, held on the eve of Chinese President Xi Jinping’s state visit to France, is of great significance in boosting cooperation between media, think tanks and enterprises from the two countries and in facilitating cultural exchange and mutual learning.

Fu said that Xinhua has been dedicated to telling stories about the friendship between the two countries and promoting Chinese and French cultures.

“We are willing to work with Chinese and French media outlets, think tanks and other organizations to uphold the principle of equality, mutual learning, dialogue and inclusiveness among civilizations, and promote the common values of all humanity,” he said.

Xinhua is ready to jointly showcase the fruits of China-France cooperation, demonstrate the charms of the two countries’ traditional cultures and the unique highlights of their modern civilizations, and broaden the bridge of people-to-people exchange and cultural cooperation, Fu noted.

Xinhua also stands ready to seize such opportunities as the China-France Year of Culture and Tourism and the Paris Olympic Games to try to hold more cultural exchange activities to push bilateral relations to a new high.

China’s Ambassador to France Lu Shaye said people-to-people and cultural exchanges are an important foundation and inexhaustible driving force for China-France relations.

The two countries are set to launch dozens of cultural and tourism events this year that marks the 60th anniversary of diplomatic ties and the China-France Year of Culture and Tourism, and will see the Paris Olympic Games, bringing important opportunities for people-to-people and cultural exchanges, the ambassador said.

Lu also expressed his belief that under the strategic guidance of President Xi and President Macron, bilateral ties are bound to show vigor and vitality in the future, and the booming cultural exchanges and cooperation will also lay a more solid public opinion foundation for the sound and stable development of bilateral ties.

“Culture constitutes the strongest cement between our civilizations,” Eric Alauzet, president of the France-China Friendship Group of the French National Assembly, said at the forum.

The common history of the two countries after the establishment of diplomatic ties has nourished fruitful cultural and people-to-people exchanges, which has in turn driven cooperation and development in other areas, he said.

Bilateral cooperation has achieved many outcomes in economy and trade, and in their joint efforts against climate change, Alauzet added, noting that the two countries have held various cultural exchange activities this year, which will further push forward bilateral relations.

Saturday’s forum is co-sponsored by Xinhua News Agency, the Chinese Embassy in France, and Publicis Groupe, a French multinational advertising and public relations company.

Themed “Reinforcing People-to-people and Cultural Exchanges, Promoting the China-France Spirit,” the forum drew around 250 representatives from the Chinese and French governments, the United Nations and other international organizations, mainstream global media outlets, think tanks as well as cultural and business circles of the two countries.

Prior to the opening of the forum, Xinhua News Agency signed a memorandum of understanding with Publicis Groupe.

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