KUALA LUMPUR, Malaysia, October 7, 2022 /PRNewswire/ — Zetrix, the Layer 1 blockchain structure based on MalaysiaRegistered October 6, 2022a Memorandum of Understanding (MOU) with MIMOS Technology Solutions Sdn Bhd (MTSSB) Development and operation of the Malaysian blockchain infrastructure (MBI). MBI will act as Malaysias national blockchain infrastructure for all levels of government and the commercial sector.
Zetrix, which launched its mainnet on April 15, 2022was founded and operated by Malaysias largest digital service provider, MYEG Services Berhad (MYEG). In partnership with MTSSB, the two parties will Spearhead of the development of Malaysias National Blockchain Roadmap Providing Web-3 based services to the public and private sectors.
In a prestigious event in the presence of the Prime Minister, Datuk Seri Ismail Sabri Yaakob, Minister for Science, Technology and Innovation Datuk Seri Dr Adham Babaand EPU Minister Datuk Seri Mustapa Mohamed, MYEG and MTSSB signed the Memorandum of Understanding to work together on further developing the national blockchain roadmap that has been launched August 9, 2022.
Feisal AhmadMTSSB CEO, commented, “This collaboration will accelerate the development, deployment and adoption of blockchain-related applications and services in both the public and private sectors. As a trading nation Malaysiaand Malaysian businesses can benefit greatly from the use of blockchain applications and services.”
Zetrix also acts as an international supernode for Xinghuo BIF, the national blockchain infrastructure of Chinato facilitate trade between China and international parties via blockchain. Together, Zetrix and Xinghuo BIF provide users with BID services that allow users to verify on-chain identity through verifiable credentials, eliminating the need to verify users’ identities with every transaction.
Zetrix’s ties to Xinghuo BIF and their moves to develop the MBI initiative make Zetrix a national blockchain. Xinghuo BIF partnership and initiative with MBI make…
