A new strategic collaboration has been formed between MY E.G. Services Berhad (MYEG), MIMOS Berhad, the Worldcoin Foundation, and Tools For Humanity (TFH) to enhance Malaysia’s digital infrastructure. The partnership will explore the integration of Worldcoin’s advanced credential verification technology into Malaysia’s Blockchain Infrastructure (MBI), while also evaluating the feasibility of locally manufacturing TFH’s Orbs, a suite of human verification tools.
This partnership builds upon an October 2022 Memorandum of Understanding (MOU) between MYEG and MIMOS, which laid the foundation for the Malaysia Blockchain Infrastructure (MBI). The aim is to accelerate blockchain adoption in the country by combining MIMOS’ research and development expertise in information and communication technology (ICT) with MYEG’s proprietary Zetrix blockchain technology.
The collaboration between these four entities promises to transform Malaysia’s digital economy by significantly improving the security, efficiency, and scalability of digital ecosystems and blockchain applications. Each organisation brings unique strengths that, together, will create an innovative approach to digital services.
MIMOS Berhad, renowned for its research and development prowess, will serve as the technical backbone of the initiative, with its team of engineers and scientists focused on creating cutting-edge solutions. The Worldcoin Foundation, dedicated to fostering financial inclusion and building a more equitable global economy, will leverage its blockchain expertise to ensure that the benefits of digital transformation reach all levels of Malaysian society.
Tools For Humanity, a tech company committed to developing digital tools for underserved populations, will play a crucial role in this collaboration. It will work closely with MIMOS and the Worldcoin Foundation to develop platforms that address critical societal needs such as healthcare, education, and environmental sustainability.
MYEG, the nation’s leading provider of digital government services, will use its extensive infrastructure and experience to integrate these digital innovations into existing public services. This will enable citizens to access services more securely and conveniently, further driving the country’s digital transformation.
This collaboration is expected to have a profound impact on Malaysia’s digital economy. By enhancing the security and efficiency of digital transactions, it aims to boost confidence in online platforms, encouraging businesses to embrace digital solutions. The resulting growth in digital adoption is expected to spur innovation, create new job opportunities, and fuel economic growth.
Additionally, the partnership will contribute to building a skilled workforce in digital technology, with educational and training programmes planned to equip Malaysians with the necessary skills to thrive in the digital age.
In conclusion, this strategic alliance between MYEG, MIMOS, the Worldcoin Foundation, and Tools For Humanity marks a significant milestone in Malaysia’s digital journey, fostering innovation, advancing technology, and promoting a more inclusive and prosperous digital economy for all.
