Malaysia and China to Collaborate on AI Research for Transborder Blockchain Applications
The world of the Fourth Industrial Revolution and Web 3.0 is ever-growing and promises to unite nations beyond borders like never before. Thanks to the increased powers of the internet, we’re able to collaborate and compete on an unprecedented scale. Now, a new collaboration serves to confirm that point like never before. The transborder blockchain applications of tomorrow are taking shape.
As reported by PR Newswire, Malaysia’s public blockchain platform developer Zetrix is partnering with the country’s premier research university, the University of Malaya. But that’s not all, together, these two forces of transformative technology are uniting with the China Academy of Information and Communications Technology (CAICT) in a bid to develop unprecedented artificial intelligence technology.
It’s part of the collaborators’ ongoing intergovernmental research initiative, and it’s driving systematic change in the sector.
Transborder blockchain applications
This new project is named Reseasrch on Key Issues of Transborder Blockchain Infrastructure and Pilot Applications and it was selected as a prominent focus for this intergovernmental collaboration, between Malaysia and the People’s Republic of China.
It’s spearheaded y the Chinese government’s G2G (government-to-government) unity program, and sees its Ministry of Science and Technology take centre stage to boost the fields of Science, Technology and Innovation.
Malaysia is just one on 14 countries participating, and it’s setting its sights on the ability to leverage artificial intelligence to streamline and optimise cross-border trade. The ultimate goal of the partnership is reducing inefficiencies, and improving “the overall ease and speed of cross-border transactions”, utilising processing technology that will identify technological opportunities and shortcomings.
The worldwide web
“AI and Web 3.0 are the two key complementary technologies that will disrupt the whole spectrum of digital services. Web3 provides the architecture that supports the deployment of AI functionalities on authenticated digital assets.”
– TS Wong
TS Wong, Group Managing Director of MYEG Services Bhd, Zetrix’s owner and developer said, “Our partnership with UM and CAICT continues to be instrumental in our journey towards leveraging 4th Industrial Revolution (4IR) technologies to transform cross-border trade and settlement.
There’s tremendous potential here, especiapple the incorporation of artificial intelligence. The University of Malaya’s scientists expect that a synergistic combination of AI and blockchain technology will lead to breakthroughs that greatly enhance the efficiency and security of cross-border trade, securing assets on an unprecedented level and truly digitising trade.
Beyond tomorrow
Zetrix continues to be a key player in the development of innovative services at the heart of the two technologies.
As the debate surrounding artificial intelligence becomes more complex, this seems like a win for the mercurial technology – it has courted controversy in recent months, and such pioneering research, completed by some of the world’s leading scientists, could assause some people’s fears. Time will tell what role artificial intelligence and blockchain play in our day-to-day lives moving forwards – despite each tech’s murky reputations, cross-border super security could be a real boon.
Are you ready to entrust your entire digital profile to such controversial technologies?
Source: Malaysia and China to collaborate on AI Research for Transborder Blockchain Applications.
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