Kuala Lumpur, Malaysia, June 14, 2023 /PRNewswire/ — malaysian Public blockchain platform developer Zetrix and the country’s leading research university, the University of Malaya (UM), are working with the China Academy of Information and Communications Technology (CAICT) to develop cutting-edge technologies as part of an ongoing intergovernmental research collaboration. of artificial intelligence (AI) technology.
The project titled “Research on key issues of cross-border blockchain infrastructure and pilot applications” was selected as part of an intergovernmental cooperation between the two countries. Malaysia and People’s Republic of China in the fields of science, technology and innovation.
It is led by the Government to Government (G2G) program of the Chinese government and initiated by the Ministry of Science and Technology (MOST). Chinathis cooperation aims to promote research partnerships between the Chinese government and foreign governments.
Malaysia is one of 14 countries participating in this prestigious program. The company is a research initiative to leverage AI to further streamline and optimize cross-border trade processes, with the ultimate goal of reducing inefficiencies and improving the overall ease and speed of cross-border transactions. is set.
TS Wong, Group Managing Director of MYEG Services Bhd (MYEG 0138), which owns and develops Zetrix, expressed enthusiasm for expanding its research focus. “AI and Web3 are two of his key complementary technologies that are disrupting the gamut of digital services. Web3 provides an architecture that supports the deployment of AI capabilities to authenticated digital assets.” Mr Wong said. “Our partnership with UM and CAICT continues to help us in our efforts to transform cross-border trade and payments by leveraging Fourth Industrial Revolution (4IR) technologies.”
UM’s Principal Investigator, Dr. Saidar Razali Azuri, also highlighted the potential benefits of expanding the research initiative. “Incorporating his AI into our ongoing research efforts opens up a whole new realm of possibilities,” said Dr. Azzurri. “We hope that the synergistic combination of AI and blockchain technology will lead to breakthrough advances that will greatly increase the efficiency and security of cross-border trade.”
The addition of AI to the scope of this tripartite collaboration is timely, even as Zetrix continues to lead the rollout of services at the intersection of blockchain and AI. Last month, Zetrix successfully launched its Digital Identity Service, a pioneering W3C-compliant decentralized identity service. This allows online engagements with real humans to be validated and differentiated from engagements with AI agents.
This collaboration between Zetrix, UM and CAICT marks another major step towards international collaboration in AI research. We also recognize the importance of international cooperation and knowledge sharing in realizing the full potential of AI in facilitating cross-border trade, which will be more connected, efficient and Help pave the way for a prosperous global economy.
About Zetrix
Zetrix is a layer 1 public blockchain that facilitates smart contracts and enables privacy, security and scalability. Zetrix’s cryptographic infrastructure can be deployed across multiple industries to connect governments, businesses, and their citizens to the global blockchain-based economy.
With its border and cross-chain integration with China Blockchain, developed by MY EG Services Bhd, Zetrix will deploy key building blocks of Web3 services such as blockchain-based identifiers (BIDs) and verifiable , can act as a blockchain gateway to facilitate global trade. Credentials (VC).
About MY EG Services Bhd (“MYEG”)
MYEG is malaysian Best digital services company. Launched in 2000 as a leading e-government service provider, MYEG continues to play a leading role in driving technological change in the region, offering a wide range of services, from online delivery of key government services to a wide range of commercial services. and brings a full range of innovations. It provides services in areas such as immigration, automotive, healthcare and financial services, among others.
MYEG is committed to staying firmly at the forefront of the region’s digital revolution, embracing the potential of blockchain technology to improve all aspects of life and actively pioneering its adoption across major markets. . MYEG operates in key regional markets such as: Philippines and Indonesia.
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Source: Zetrix
