Malaysia is among the 14 countries participating in this prestigious program
Zetrix, a public blockchain platform developer from Malaysia, has partnered with Universiti Malaya (UM) and China Academy of Information and Communications Technology (CAICT) to collaborate on cutting-edge Artificial Intelligence (AI) technology. This collaboration is part of an ongoing intergovernmental research initiative between Malaysia and the People’s Republic of China in the field of Science, Technology, and Innovation.
The joint project, titled “Research on Key Issues of Transborder Blockchain Infrastructure and Pilot Applications,” was selected because of the intergovernmental collaboration facilitated by the Chinese government’s government-to-government (G2G) program, initiated by the Ministry of Science and Technology (MOST) of China. The program aims to foster research partnerships between the Chinese government and foreign governments.
Malaysia is among the 14 countries participating in this prestigious program. The research initiative focuses on leveraging AI to streamline and optimize cross-border trade processes, with the goal of reducing inefficiencies and enhancing the overall efficiency and speed of cross-border transactions.
TS Wong, Group Managing Director of MYEG Services Bhd (MYEG 0138), the parent company of Zetrix, expressed excitement about the expanded research focus. Wong emphasized the disruptive potential of AI and Web 3 technologies in transforming digital services. He stated, “Web3 provides the architecture that supports the deployment of AI functionalities on authenticated digital assets. Our partnership with UM and CAICT continues to play a crucial role in leveraging Fourth Industrial Revolution (4IR) technologies to revolutionize cross-border trade and settlement.”
Dr. Saaidal Razalli Azzuhri, the lead researcher at UM, highlighted the significant benefits of incorporating AI into their ongoing research work. He noted the synergistic combination of AI and blockchain technology as a catalyst for breakthroughs that significantly enhance the efficiency and security of cross-border trade.
The inclusion of AI in this tripartite collaboration is timely and aligns with Zetrix’s pioneering work at the intersection of blockchain and AI. In a recent development, Zetrix successfully deployed its Digital Identity Service, a W3C-compliant decentralized identity service that enables the verification and differentiation of online engagements between real humans and AI agents.
The collaboration between Zetrix, UM, and CAICT represents another significant stride toward international cooperation in AI research. It underscores the importance of global collaboration and knowledge-sharing in harnessing the full potential of AI to advance cross-border trade, leading toward a more connected, efficient, and prosperous world economy.
