Petting Jaya: Malaysia’s digital services company Mary Easy Services Barhad (MyEG) MyDIGITAL ID SOLUTIONS SDN BHD (MyIDSSB) is collaborating, which establishes a blockchain -operated National Digital Identification Ecosystem, MyDIGITAL ID Superapp, establishes mydigital id superp The fight against the fight marks a big progress. ,
This groundbreaking partnership between MyEG’s full -ridding a subsidiary MyEg optional payment services SDN BHD and Myidssb underlines the commitment of both organizations to run technological innovation and increase digital ecosystem in Malaysia.
Mydigital ID SUPERAPP will provide a spontaneous, safe and scalable solution to integrate digital identification management for commercial service providers. Built on Malaysia Blockchain Infrastructure – A national initiative under the National Research and Development Agency, MIMOS -platform an ewallet, news broadcasting, and an open innovation software development environment for businesses and service providers offers a comprehensive suit of equipment including MyDIGITAL ID .
This initiative is on time as it comes among the increasing calls by leaders and policy makers in the events of various China-Asian Ministers to set up online security and fight fraud, inter-operational digital standards and blockchain-based identity verification systems. Is.
Myeg, through its layer 1 public blockchain network Zetrix, provides the most broad global ID solution, provides support not only for MyDigital ID, but also with Chinese Citizens and Professional Institutions -Digital of World IDs of World Network. ID too.
Mydigital ID Superapp opens the world of opportunities for businesses and commercial service providers. By taking advantage of the National MyDigital ID, companies can basically integrate digital identity verification for direct login in their existing mobile applications or offer their services as minisps within the Super Anecdot. This integration eliminates the requirement of several authentication systems, streamlines onboarding processes, and enhances customer experiences, eventually reduces costs and increases operating efficiency.
A major feature of Mydigital ID Superapp is its commitment to data privacy and safety. Superapp fully acts as a competent platform and does not store or use any individual data in facilitating transactions. All data interactions are directly conducted between the user and the service provider, which ensure the highest standards of privacy and the highest standards of compliance with privacy rules.
MYEG’s expertise in electronic payment solutions complements the expertise of Myidssb in cyber security, authentication and certification. Together, this collaboration ensures a safe and user -friendly system that prefer both data security and commercial flexibility, meeting the developed needs of Malaysia’s digital economy.
The scams have wreaked financial and emotional havoc in Malaysia, revealing the shocking loss of RM54.02 billion (US $ 12.8 billion) in the last one year. This figure is equal to 3% of the country’s GDP, underlining the need for pressure for strong counterers against fraud. In addition, cyber scammers in Southeast Asia stole up to $ 37 billion in 2023 with a significant increase in AI-conducted crimes in 2023.
By bringing together the latest innovations in blockchain and artificial intelligence with Malaysia’s National Digital ID initiative, this cooperation intends to expand interpectiveness and security for users of Malaysia’s economy and border transactions.
This partnership reflects a common vision to modernize the digital infrastructure of Malaysia without disrupting the existing systems. Both Myeg and Myidssb are committed to adopting a phased approach to ensure the successful implementation of the prepared platform for this future.
Zetrix co-founder Datuk Fadzali Shah said: “Myeg’s cooperation with MyDigital ID solution is an important step ahead to increase Malaysia’s digital landscape and meet the requirement of International Digital ID. This platform data security and The user will simplify access to digital services while maintaining the highest standards of privacy.
The development and evidence of the concept for MyDigital ID Superapp is scheduled to complete by the first quarter of 2025, with scalability and future readiness as core priorities. The partnership shows the ability of private-public sector cooperation to lead Malaysia to its digital transformation goals.
