Discover the key benchmarks we look for in grant applications. From innovation to real-world impact, our criteria are designed to identify projects that align with MasChain’s vision for scalable, secure, and transformative blockchain solutions. Whether you're an enterprise, startup, or individual developer, learn how to showcase your project’s potential to stand out and thrive with our support.
We are seeking proposals that leverage MasChain’s capabilities in the following areas:
👉🏼 Traceability: Solutions that enhance the transparency and traceability of products from origin to end-user, ensuring authenticity and compliance.
👉🏼 Self-Custodian Wallet: Development of wallets that empower users with full control over their assets, enhancing security and privacy.
👉🏼 Payment Solutions: Innovative payment gateways and platforms that simplify transactions on a global scale, with a focus on speed, security, and user experience.
👉🏼 Halal Compliance: Blockchain solutions that ensure products and services comply with Halal standards, opening new markets and opportunities.
👉🏼 Environmental, Social, Governance (ESG): Projects that utilise blockchain to drive positive environmental impact, promote social responsibility, and ensure good governance.
👉🏼 Loyalty Programmes: Next-generation loyalty platforms that offer flexibility, interoperability, and value for both businesses and consumers.
👉🏼 High-Transaction Applications: Applications that require high throughput, scalability, and efficiency, demonstrating the robustness of MasChain’s infrastructure.
Applicants should provide a detailed proposal that includes:
• Project description and objectives
• Technical architecture and requirements
• Expected impact and outcomes within the MasChain ecosystem
• Timeline and milestones
• Team background and experience
Proposals will be evaluated based on their innovation, feasibility, impact on the MasChain ecosystem, and alignment with our grant directions.
Selected projects will receive a portion of the RM2 million fund (in the form of cash or credits or both) to support their development and implementation over one year. Additionally, grantees will have access to MasChain’s resources, including technical support, marketing, and community engagement, to ensure their project’s success.
To ensure the effective utilisation and impactful contribution of the MasChain Grant towards the development of the blockchain ecosystem, the following ‘Success Criteria’ need to be followed. These criteria are designed to guide applicants in preparing their proposals and to set a benchmark for evaluating submissions.
Innovation and Technical Excellence
Projects should exhibit a high level of innovation and technical sophistication. Applications must present well-researched or tested concepts, with a preference for projects demonstrating some prior work or development.
Projects should contribute uniquely to the MasChain ecosystem by offering new solutions, enhancing existing technologies, or providing significant technical advancements.
Sustainability and Maintenance
Projects should exhibit a high level of innovation and technical sophistication. Applications must present well-researched or tested concepts, with a preference for projects demonstrating some prior work or development.
Projects should contribute uniquely to the MasChain ecosystem by offering new solutions, enhancing existing technologies, or providing significant technical advancements.
Ethical and Responsible Development
Projects must adhere to high ethical standards, promoting positive societal impacts while abstaining from facilitating gambling, illicit trade, money laundering, or any criminal activities.
We do not fund projects that have successfully conducted a token sale or those primarily focused on tokens. The application should emphasise the software development of MasChain or the research being undertaken.
Clear and Detailed Proposal
Applications must be rich in technical details, with a well-defined project scope and objectives. Proposals should clearly articulate how the project stands out in the competitive landscape or introduce novel technology to the ecosystem.
Compliance with Grant Policies
Teams must complete any previously awarded grants before applying for a new one. This ensures dedication to the project and efficient use of resources.
These criteria are designed to nurture a diverse range of projects that push the boundaries of blockchain technology using MasChain, contribute to the ecosystem’s growth, and uphold the highest standards of ethical development. Proposals will be evaluated based on their alignment with these success criteria. Selected projects can expect guidance and support from our team, aimed at fostering innovation and excellence within the MasChain ecosystem.
