MOSTI, Digital Ministry Committed To Advancing Blockchain Adoption Nationwide

KUALA LUMPUR, July 21 (Bernama) -- The Ministry of Science, Technology and Innovation (MOSTI) remains committed to formulating and implementing policies and initiatives in collaboration with the Ministry of Digital to drive broader adoption of blockchain technology across key national sectors. 

Its minister, Chang Lih Kang, said the collaboration includes sectors such as public administration, finance, halal industry, and trade to enhance transparency, efficiency, and data security.

“This includes government administration to improve transparency and efficiency in public service systems; finance and banking to reduce transaction costs and enhance access to digital financial services; the halal industry to strengthen tracking and certification systems that are more efficient and reliable; and trade and supply chains to enhance efficiency and product traceability from producers to consumers,” he said.

Chang was delivering his keynote speech at the launch of the Malaysia Blockchain Infrastructure (MBI) during Malaysia Blockchain Week 2025 here today.

He said blockchain technology is becoming increasingly relevant in sectors like finance, supply chains, halal traceability, and public services. However, challenges such as fragmentation, high costs, and lack of interoperability have limited its full potential.

“The MBI is our strategic response, designed to enable interoperability across blockchain networks, reduce transaction costs and duplication, and enhance trust, transparency, and security. It will also provide open access to more startups, businesses, and communities,” he said.

According to Chang, the MBI positions Malaysia at the forefront of digital trust infrastructure, supporting not only innovation but also creating real-world impact across industries and communities.

He said the implementation of MBI is aligned with the National Blockchain Roadmap 2021–2025 outlined by MOSTI, which has achieved 60 per cent of its objectives to date and aims to position Malaysia as a regional digital hub for blockchain technology.

Chang also noted that Malaysia Blockchain Week, the country’s flagship blockchain event, is more than just a gathering of industry players, institutions, and government stakeholders — it is a bold statement of intent to lead in digital innovation and embrace the future economy.

The two-day event, he said, is aimed at forging meaningful partnerships and co-creating solutions that will not only shape the future of blockchain in Malaysia but also strengthen the country’s position in the global digital economy.

-- BERNAMA