Partnership Sealed to Power Malaysias National Blockchain Infrastructure
Categories: Crypto News
Partnership Sealed to Power Malaysia's National Blockchain Infrastructure
Malaysia's blockchain infrastructure will be jointly built and operated by Zetrix, a Malaysia-based layer-1 blockchain infrastructure, and MIMOS Technology Solutions. According to a press release on Friday, a technical consultant, Bhd.
- The announcement states that Malaysia will have a national blockchain infrastructure for all levels of government and commercial sectors.
- Founded and developed by MYEG, an e-government service provider and digital services company, Zetrix launched its mainnet on 15 April.
- Malaysian Prime Minister Datuk Seri Ismail Sabri Yacoub attended the event where MYEG and MTSSB signed a Memorandum of Understanding with the country's Minister of Science, Technology and Innovation as well as the Minister of Economic Planning.
- Malaysia's Ministry of Science, Technology and Innovation did not immediately respond to requests for comment.
- Earlier this year, Zetrix was revealed as the international supernode for China's national blockchain infrastructure, Xinghuo BIF, to facilitate trade between China and international parties using blockchain technology.
- Malaysia has shown promise as the crypto hub of the future for Asia by staying free from capital gains tax, with a British common law system and a bilingual workforce.