Following a Memorandum of Understanding (MoU), MY EG Services Bhd and Mimos Technology Solutions will be working closely together to develop and operate the national layer 1 public blockchain for the Malaysia Blockchain Infrastructure (MBI), which will act as the nation’s blockchain infrastructure for all levels of government and commercial sectors.
The MBI is powered by Zetrix and Mimos blockchain technology, which acts as a key element of the National Blockchain Roadmap launched by the government on the 9th of August.
"This collaboration will accelerate the development, deployment and take-up of blockchain related applications and services in both the public and private sectors,” commented Faisal Ahmad, CEO of MTSSB. “As a trading nation, Malaysia, and Malaysian companies, can greatly benefit from use of blockchain applications and services."
Meanwhile, Mr. Wong Thean Soon, co-founder of Zetrix, stated that the company was honoured to be able to contribute to Malaysia's national blockchain roadmap.
He went on to cement his belief 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."
Zetrix also serves as the backbone infrastructure and supernodes outside of China that connect to China’s national network, Xinghuo Blockchain Infrastructure and Facility.