MBI Ushers New Era For Malaysia's Blockchain
GENERAL
KUALA LUMPUR, April 29 (Bernama) -- In support of the Government Digital Asset initiative, MIMOS Berhad today announced the operationalisation of the Malaysia Blockchain Infrastructure (MBI), a neutral and trusted platform for digital services and innovation across sectors.
MIMOS Berhad, in a statement, said this milestone marks a pivotal moment in the nation's technological advancement, as MBI emerges as a strategic technological innovation and a core component of Malaysia's National Blockchain Roadmap, aligned with the Malaysian MADANI vision.
Developed to be a catalyst for creativity, MBI fosters an environment where developers and innovators can explore and build cutting-edge blockchain applications that drive value and transformation across industries.
'The establishment of the MBI stands as a pivotal catalyst for the nation's digital advancement, purposefully developed to foster sustainable digital integration and support the creation of a cohesive, future-ready national digital infrastructure.
'This initiative is driven by MIMOS in strategic collaboration with its principal partner and key contributor, MyEG, underscoring a shared commitment to accelerating Malaysia's digital transformation and innovation agenda,' it said.
According to MIMOS Berhad, the MBI also plays a vital role in streamlining a wide range of digital assets, including MyDigitalID verifiable credentials, non-fungible tokens (NFTs), and decentralised finance (DeFi) applications, increasing accessibility to blockchain technology by simplifying the user experience and enabling broader participation for nontechnical users.
It said early adopter industry partners, such as Masverse, Cokeeps, iTrace, Heitech Padu, and others, are leveraging MBI to deploy solutions in supply chain traceability, digital identity, asset custody, and tokenisation across public and private sectors.
'Solutions like MyDigitalID will benefit from MBI's integrated capabilities, ensuring verifiability, accessibility, and interoperability to support use cases ranging from simple on-site registrations to complex cross-border and commercial verifications.
'This initiative aims to foster innovation and interconnectivity across platforms, enhance decentralised transaction security, promote an inclusive digital economy, and ensure greater security and transparency in digital transactions, making blockchain technology more accessible and catalysing innovation across all sectors, it said.
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