Malaysia to get its own national public blockchain

MY E.G. Services Berhad (MYEG) and Mimos Technology Solutions Sdn Bhd (MTSSB) signed a memorandum of understanding (MOU) on Thursday to co-develop and operate Malaysia’s national blockchain infrastructure to onboard the nation’s private and public sectors to Web 3.0. 

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Fast facts

• MYEG’s Zetrix blockchain and Mimos blockchain will be the components of the Malaysia Blockchain Infrastructure (MBI), according to a press release published on Thursday. 

• Zetrix is a layer 1 public blockchain operated by Malaysia’s e-government service provider, MYEG.
• MYEG, through Zetrix, serves as an international supernode that connects businesses to China’s state-backed blockchain network, Xinghuo BIF.
• Zetrix also unveiled on Thursday its supply chain financing decentralized application, Zetrix TradeFi, which aims to simplify trading in the Regional Comprehensive Economic Partnership (RCEP) with blockchain technology.
• The MBI is a key element of the National Blockchain Roadmap that was launched by the tech ministry in August.

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