WeKongsi tackles Malaysia’s prevalent health-financing challenges—high out-of-pocket spending and low insurance coverage—by introducing transparency and security via blockchain. MasChain ensures on-chain monthly reports, tamper-proof fund tracking, and the potential for tokenised healthcare financing, offering a model scalable across public services, SMEs, and regulated industries.
In a landscape where trust, transparency, and affordability are vital to effective public healthcare, WeKongsi is pioneering a fresh approach. Crowned winner of the BGA x Masverse Joint Fund Hackathon in July 2025, the platform received USDT 20,000 to reinforce its mission. It now stands as a flagship use case for MasChain, Malaysia’s enterprise-ready blockchain designed for transparency and reliability.
Malaysia grapples with significant hurdles—more than 55 % of citizens lack health insurance, with households collectively paying RM30.3 billion out of pocket. Community-based solutions like WeKongsi are promising, but centralised systems introduce serious risks:
These vulnerabilities open doors to fund mismanagement, manipulation, and conflicts—especially as membership scales.
By integrating MasChain, WeKongsi transitions from a hopeful concept to a trustless, secure healthcare platform. Built by Masverse with institutional-grade design, MasChain offers transparency, traceability, and tamper-proof records.
1. On-Chain Audit Trails
WeKongsi now uploads monthly reports—documenting medical cases, crowdshare metrics, and fund distributions—directly to the blockchain, providing an immutable and transparent record accessible to all stakeholders.
2. Decentralised Wallet Management
Member wallets are migrated from centralised databases to on-chain wallets. Every transaction becomes fully traceable, tamper-proof, and verifiable—eliminating internal fraud risk.
3. Future-Ready Smart Finance Layer
Looking ahead, WeKongsi is exploring a DeFi-powered liquidity pool on MasChain to manage cash-flow challenges and deferred claims. This approach enables institutional and retail investors to contribute to healthcare financing through tokenised assets with transparent, programmable returns.
WeKongsi’s success demonstrates that blockchain is a practical solution, not just a buzzword:
When innovation aligns with social necessity and embeds transparency at its core, the impact is profound. With MasChain as its foundation, WeKongsi moves beyond being a startup—it offers a scalable national blueprint for transparent and inclusive digital services.
As public institutions, SMEs, and industry leaders steer towards building digital trust infrastructures, WeKongsi’s success is a compelling call to action: the time to integrate blockchain is now—and MasChain is ready.
