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    Home » Malaysia launches national blockchain platform to accelerate digital economy
    News 2 months ago

    Malaysia launches national blockchain platform to accelerate digital economy

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    30-4-2025 –  Malaysia has launched an innovative blockchain platform poised to revolutionise its digital landscape. The Malaysia Blockchain Infrastructure (MBI), masterminded by MIMOS Berhad, emerges as a cornerstone of the nation’s digital transformation strategy, underpinning the government’s MADANI vision for technological progress.

    The platform’s architecture, integrating prominent blockchain networks including Ethereum and Solana, whilst powered by Zetrix technology, heralds a new era of streamlined digital transactions. This comprehensive approach tackles the long-standing challenge of fragmented digital systems, offering users a seamless interface for cross-chain operations.

    “MBI represents more than mere technological advancement; it’s a strategic asset bolstering Malaysia’s competitive edge in the global blockchain arena,” remarked Dr Saat Shukri Embong, MIMOS’ acting president and group chief executive. His vision encompasses attracting international investment whilst nurturing local talent pools.

    Early adoption of the platform has already begun, with pioneering firms including Masverse, Cokeeps, iTrace, and Heitech Padu implementing various applications. These range from supply chain monitoring to digital identity verification, demonstrating the platform’s versatility across both public and private sectors.

    The initiative, developed through a strategic partnership between MIMOS and MyEG, places particular emphasis on democratising blockchain technology. By simplifying complex processes, MBI aims to welcome users regardless of their technical expertise, thereby fostering broader participation in Malaysia’s digital economy.

    A notable feature of the infrastructure is its support for MyDigitalID verifiable credentials, enabling applications from basic site registration to sophisticated cross-border commercial verification. The platform’s architecture ensures robust security measures whilst maintaining interoperability across various blockchain networks.

    The success of this ambitious project hinges on collaborative efforts between researchers, industry specialists, and government bodies. Through public-private partnerships, Malaysia aims to establish a sustainable blockchain ecosystem that strengthens its position as a regional technology hub.

    This infrastructure launch marks a decisive step in Malaysia’s technological evolution, demonstrating the nation’s commitment to fostering innovation whilst ensuring equitable access to digital resources. The initiative aligns seamlessly with core MADANI principles, emphasising sustainability, innovation, and societal progress in the digital age.

     

    The platform’s capacity to aggregate resources from various blockchain networks promises enhanced liquidity and more efficient digital transactions, potentially transforming Malaysia’s digital economy.

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