KUALA LUMPUR: The Malaysian Automotive, Robotics & IoT Institute (MARii) will work with mobility provider ACO Tech and Geno to explore the application of blockchain solutions for Malaysia's electric vehicle (EV) infrastructure.
ACO Tech is a joint venture between Proton, ECARX and Altel Communications.
Geno Group Limited, established in 2022, is headquartered in United Kingdom, focusing in the business of BaaS (Blockchain-as-a-Service), providing enterprise solution applying blockchain or DLT (Distributed Ledge Technology) for industrial enterprises.
Among the blockchain solutions being explored are smart contracts, digital traceability management of supply chain, tokenomics solutions and privacy protection technologies to complement ACO Tech's solutions for E-Mobility Service Platform (EMSP).
In a joint statement, they said the initiative can ensure data privacy and ownership, enable data monetisation, and ultimately benefit strategic investors through long-term sustainable investments.
The EMSP is the foundational layer of the government's overarching Connected Mobility Vision, which will help accelerate development of EV infrastructure in the country.
The collaborative expertise and capabilities of ACO Tech, Geno, and MARii is expected to effectively address concerns associated with owning an EV such as the scarcity of charging ports and inconsistent charging rates.
The utilisation of blockchain technology solution looks to empower EV manufacturers, service providers and owners/users to engage more interactively through a tamper-proof decentralised ledger system.
This approach aims to reduce costs, enhance user experience and confidence, and establish seamless tracking and maintenance records.
Additionally, it facilitates peer-to-peer energy and charger-sharing, ensuring transparency throughout the entire lifecycle of products and services.
They said the collaboration is in line with the New Industrial Master Plan (NIMP) 2030, as well as the National Energy Transition Roadmap (NETR).
The government aims to achieve 20 per cent of electrified vehicles (xEV) by 2030, 50 per cent by 2040 and 80 per cent by 2050.
This agreement paves the way for the sector to become the first to leverage blockchain technology on an industry-wide scale in Malaysia.
It will also help in creating a national EV-ready infrastructure through Mobility as a Service (MaaS) and BaaS.
MARii chief executive officer Azrul Reza Aziz said the collaboration between MARii, ACO Tech and Geno, signifies an advancement in shaping Malaysia's EV ecosystem for the future.
"By exploring blockchain solutions, we are not only addressing current challenges in the EV sector but also laying the groundwork for a secure and scalable infrastructure aligned with the National Automotive Policy 2020."By synergising our capabilities, we aspire to set new industry standards, promoting sustainable practices and user-centric innovations," he added.