MYEG PARTNERS WITH CHINA’S BEITOU IT INNOVATION TO LEVERAGE ZETRIX BLOCKCHAIN

KUALA LUMPUR, Sept 18 (Bernama) – Malaysia government’s electronic services provider MY E.G. Services Bhd (MyEG) has collaborated with China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co Ltd to leverage the Zetrix blockchain.

The collaboration is to offer cross-border credentials verification services, paving the way for the digitalisation of vital documents, including major government-issued identity credentials. 

Developed by MyEG, Zetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. 

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Harnessing the power of the blockchain, the partners conducted a public demonstration of an application that enables the issuance of digital driving licences as verifiable credentials, starting with Chinese nationals.

The demonstration was held at the China-ASEAN Expo from Sept 16-20 in Nanning, the capital city of south China’s Guangxi Zhuang Autonomous Region.

 MyEG co-founder and group managing director Wong Thean Soon, in a statement today, said the company would continue to build real-world Web3 applications leveraging on its unique functionality of ensuring the authenticity of digitised documents, including identity credentials and trade documents.

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Meanwhile, Beitou IT Innovation chairman Shuiping Lai said the digital cross-border credential verification platform based on the international blockchain infrastructure is a meaningful attempt for both companies’ professional digital teams. 

In March this year, MyEG signed an agreement with East Logistic-Link Co., Ltd, a wholly-owned agency of China’s General Administration of Customs, to provide a full suite of cross-border trade facilitation services that include certificates of origin on Zetrix. 

-- BERNAMA