Majic Wheels (OTCMKTS:MJWL) has been making moves for quite some time as a disruptive player in the industries of fintech and software development by means of acquisitions. It has just announced about signing a letter of Intent (LOI) with Bamboo Wellness Holdings Limited.
Bamboo Blockchain and Analytics Competency Center is looking to devise a holistic healthcare ecosystem that will drive a data-driven decision-making model. Boosted by Artificial Intelligence and Machine Learning, the ecosystem aims to close the health protection gap and get insurance for everyone.
Ian Lim Teck Soon, Co-Founder & Executive Chairman of Bamboo Wellness Holdings Limited, is hopeful that their association with Majic will establish blockchain as a technological infrastructure to create value for users and shareholders. David Chong, Chief Executive Officer of Majic Wheels, agrees that blockchain is going to be a key player in future, so its successful implementation in the insurance industry is definitely quite impressive, as it is one of the most technophobic industries. This collaboration with Bamboo will help Majic become a global leader in the fintech, blockchain, and technology space.
