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MY EG, MIMOS and two tech companies join hands to advance Malaysia's Blockchain Infrastructure

Azanis Shahila Aman

KUALA LUMPUR: MY EG Services Bhd (MYEG), MIMOS Bhd, the Worldcoin Foundation, and Tools For Humanity (TFH) are working together to integrate advanced credential verification technology into Malaysia's Blockchain Infrastructure (MBI).

The verification technology is a part of of Worldcoin, a blockchain technology company, expertise.

TFH is a technology company with expertise in developing digital solutions for marginalised populations

In a statement, MYEG said the partnership with all three will also assess the feasibility of potential local manufacturing of Orbs, and TFH's hardware and software tools for human verification.

To recap, in October 2022, MYEG and MIMOS entered into a memorandum of understanding to collaborate on building and operating the MBI and accelerate blockchain adoption in Malaysia by combining MIMOS' expertise in Information and Communication Technology research and development with MYEG's Zetrix blockchain technology.

MYEG said with Worldcoin Foundation and TFH's technology the collaboration promises to revolutionise the digital landscape in Malaysia.

"By combining their expertise and resources, these entities will create a synergy that will significantly enhance the security, efficiency, and scalability of digital ecosystems and blockchain applications within the country," it said.

MYEG, the leading provider of digital government services in Malaysia, said it will work to incorporate the solutions developed by MIMOS, Worldcoin Foundation, and TFH into existing government service delivery systems, ensuring that citizens can access these services conveniently and securely.

The company said it will enhance the security and efficiency of digital transactions, building trust in online platforms and motivating businesses to embrace digital transformation.

Furthermore, MYEG said the collaboration will support the development of a skilled workforce in digital technology. "Through training programmes and educational initiatives, the partners in this alliance will equip Malaysians with the knowledge and skills needed to thrive in the digital age."

"In summary, the synergy between MYEG, MIMOS, Worldcoin Foundation, and TFH, represents a bold step forward in Malaysia's digital journey, driving innovation, fostering technological advancement, and creating a more inclusive and prosperous digital economy for all Malaysians," it added.Ends

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