MY E.G. Services Berhad (MYEG), MIMOS Berhad (MIMOS), the Worldcoin Foundation, and Tools For Humanity (TFH) have entered into a collaboration which combines the unique capabilities of each organization to explore the integration of Worldcoin’s advanced credential verification technology into Malaysia’s Blockchain Infrastructure (MBI).
Additionally, the partnership will assess the feasibility of potential local manufacturing of Orbs, TFH’s hardware and software tools for human verification, MYEG said in a statement on last Friday.
It is noted that n October 2022, MYEG and MIMOS entered into a MOU to collaborate on building and operating the Malaysia Blockchain Infrastructure (MBI).
This partnership aims to accelerate blockchain adoption in Malaysia by combining MIMOS’ expertise in Information and Communication Technology (ICT) research and development (R&D) with MYEG’s cutting-edge Zetrix blockchain technology.
The strategic alliance forged between MYEG, MIMOS Berhad, Worldcoin Foundation, and TFH, targets to boost 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.
MIMOS Berhad is a strategic agency under the Ministry of Science, Technology and Innovation (MOSTI) of Malaysia and a premier innovation center in semiconductors, microelectronics, and information and communications technology (ICT) technologies.
The firm, known for its prowess in R&D, will provide the technical backbone for this collaboration.
Its highly skilled engineers and scientists will work to develop cutting-edge solutions that address the unique challenges of the digital age.
Worldcoin Foundation, with its commitment to building a more inclusive and equitable global economy, will contribute its expertise in blockchain technology.
Its efforts will focus on ensuring that the benefits of digital transformation reach all corners of Malaysian society, fostering financial inclusion and empowering individuals and communities.
TFH, a technology company dedicated to building technology that helps ensure a more just economic system, will bring its wealth of experience in developing digital solutions for marginalized populations.
It will work closely with MIMOS Berhad and the Worldcoin Foundation to create innovative tools and platforms that address critical societal issues such as education, healthcare, and environmental sustainability.
MYEG, a digital government services provider in Malaysia, will contribute its extensive infrastructure and expertise in delivering seamless online experiences.
It will work to incorporate the solutions developed by MIMOS Berhad, Worldcoin Foundation, and TFH into existing government service delivery systems, ensuring that citizens can access these services conveniently and securely.
According to the statement, this collaboration is set to significantly impact Malaysia’s digital economy.
It will enhance the security and efficiency of digital transactions, building trust in online platforms and motivating businesses to embrace digital transformation.
This, in turn, will drive innovation, create jobs, and fuel economic growth.
Furthermore, the collaboration will support the development of a skilled workforce in digital technology.
Through training programs 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, said the statement.
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