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Blockchain

Malaysia Develops The National Public Blockchain Infrastructure

October 7, 2022 - Around 2 mins mins to read
According to a press statement issued on Friday, Malaysia’s Blockchain Infrastructure will be jointly constructed and administered by Zetrix, a Malaysia-based layer-1 blockchain structure, and MIMOS Technology Solutions Sdn. Bhd. (MTSSB), a tech consultancy.
Malaysia Develops The National Public Blockchain Infrastructure
Malaysia Develops The National Public Blockchain Infrastructure 4

According to the release, Malaysia’s national blockchain infrastructure would be available to all levels of government and business sectors.

MYEG, an e-government services provider and digital services firm, created and built Zetrix’s Mainnet on April 15.

Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob was present at the occasion where MYEG and MTSSB inked an MOU alongside the nation’s Ministers of Science, Technology, and Innovation and Economic Planning.

Zetrix was announced earlier this year as the worldwide supernode to Xinghuo BIF, China’s national blockchain infrastructure, to allow commerce between China and foreign partners utilizing blockchain technology.

Malaysia Develops The National Public Blockchain Infrastructure
Malaysia Develops The National Public Blockchain Infrastructure 5

Mr. Wong Thean Soon, co-founder of Zetrix said:

“We are honoured to be able to contribute to Malaysia’s national blockchain roadmap and firmly believe that the blockchain enablement of trade will unlock greater opportunities and use cases to establish this as a true technological revolution, departing away from speculative tokenomics. The next generation of the economy is digital and the distributed ledger will be the ubiquitous single source of truth for all commerce.”

Malaysia Develops The National Public Blockchain Infrastructure
Malaysia Develops The National Public Blockchain Infrastructure 6

Malaysia has shown potential as a future crypto powerhouse for Asia by avoiding capital gains tax, possessing a British common law system, and employing multilingual workers.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Malaysia

MIMOS

MYEG

Zetrix

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

Malaysia Develops The National Public Blockchain Infrastructure

According to a press statement issued on Friday, Malaysia’s Blockchain Infrastructure will be jointly constructed and administered by Zetrix, a Malaysia-based layer-1 blockchain structure, and MIMOS Technology Solutions Sdn. Bhd. (MTSSB), a tech consultancy.
Malaysia Develops The National Public Blockchain Infrastructure
Malaysia Develops The National Public Blockchain Infrastructure 10

According to the release, Malaysia’s national blockchain infrastructure would be available to all levels of government and business sectors.

MYEG, an e-government services provider and digital services firm, created and built Zetrix’s Mainnet on April 15.

Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob was present at the occasion where MYEG and MTSSB inked an MOU alongside the nation’s Ministers of Science, Technology, and Innovation and Economic Planning.

Zetrix was announced earlier this year as the worldwide supernode to Xinghuo BIF, China’s national blockchain infrastructure, to allow commerce between China and foreign partners utilizing blockchain technology.

Malaysia Develops The National Public Blockchain Infrastructure
Malaysia Develops The National Public Blockchain Infrastructure 11

Mr. Wong Thean Soon, co-founder of Zetrix said:

“We are honoured to be able to contribute to Malaysia’s national blockchain roadmap and firmly believe that the blockchain enablement of trade will unlock greater opportunities and use cases to establish this as a true technological revolution, departing away from speculative tokenomics. The next generation of the economy is digital and the distributed ledger will be the ubiquitous single source of truth for all commerce.”

Malaysia Develops The National Public Blockchain Infrastructure
Malaysia Develops The National Public Blockchain Infrastructure 12

Malaysia has shown potential as a future crypto powerhouse for Asia by avoiding capital gains tax, possessing a British common law system, and employing multilingual workers.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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