MYEG Services Berhad, MIMOS Berhad, the Worldcoin Foundation, and Tools For Humanity have entered into a partnership this week to explore the integration of Worldcoin’s advanced credential verification technology into Malaysia’s Blockchain Infrastructure.
In 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 R&D with MYEG’s Zetrix blockchain technology.
The partnership will also assess the feasibility of potential local manufacturing of Orbs, TFH’s hardware and software tools for human verification.
The strategic alliance forged between the partners promises to revolutionise the digital landscape in Malaysia.
By combining their expertise and resources, these entities claim that they will significantly enhance the security, efficiency, and scalability of digital ecosystems and blockchain applications within the country.
MIMOS Berhad will provide the technical backbone for this collaboration.
Worldcoin Foundation will focus on ensuring that the benefits of digital transformation reach all corners of Malaysian society, fostering financial inclusion and empowering individuals and communities.
Tools For Humanity say that it will bring its wealth of experience in developing digital solutions for marginalised 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, 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 a MYEG representative, 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 programmes and educational initiatives, the partners in this alliance claims that they will equip Malaysians with the knowledge and skills needed to thrive in the digital age.
Notes from the Editor: The Worldcoin Foundation, the steward of the Worldcoin protocol, says that it aims to realize more inclusive, fair and just institutions of governance and of the global digital economy. Tools for Humanity, co-founded in 2019 by Chairman Sam Altman, Alex Blania and Max Novendstern, is a global technology company established to accelerate the transition towards a more just economic system. TFH took the initial steps toward developing the Worldcoin protocol and supported its multi-year beta testing phase. It then transitioned stewardship of the protocol to the independent Worldcoin Foundation prior to the protocol’s launch in late July 2023. Today, TFH continues to provide services to the Worldcoin Foundation and operates World App, the first Worldcoin-compatible wallet.
MYEG commenced operations in 2000 as the flagship e-government services provider. MYEG claims that it has embraced the potential of blockchain technology to enhance all aspects of life and is actively pioneering its adoption across the region through its Layer 1 platform Zetrix. Besides its home market, MYEG’s presence spans other key regional markets such as China, The Philippines and Hong Kong.
MIMOS is a strategic agency under the Ministry of Science, Technology and Innovation (MOSTI) and an innovation centre in Semiconductors, Microelectronics, and ICT technologies, contributing to Malaysia’s socio-economic growth through patentable technology platforms, products, and solutions. Since its inception, MIMOS has filed more than 1,300 patents in various technology domains and across key socio-economic areas driving Malaysia’s digital transformation journey into the international arena.
