MYEG and the University of Malaya (UM) are set to collaborate with China in a research project that aims to incorporate artificial intelligence (AI) technology to optimize cross-border transactions. The project was an expansion of their existing collaborative project, Research on Key Issues of China-Malaysia Transborder Blockchain Infrastructure and Pilot Applications, which was selected as part of China’s intergovernmental collaboration program with Malaysia in science, technology, and innovation.
The involvement of MYEG and UM in the research project was aligned with the governmental collaboration between China and Malaysia that began with the state-initiated government-to-government (G2G) program. This program involves collaborations between the Chinese government and overseas governments in an effort to enhance the relationship between territories.
The research initiative launched in February 2023 aimed to optimize cross-border transactions through the development of a secure blockchain infrastructure. With the addition of AI technology, the research’s scope is now focused on streamlining and optimizing cross-border trade processes with the goal of reducing inefficiencies in transactions.
Collaborating with China on this research project is an exciting opportunity for MYEG and UM to develop innovative solutions that can enhance cross-border transactions by leveraging the power of AI. This project can potentially reduce transactional inefficiencies and enhance the ease and speed of transactions.
MYEG, a leading technology solution’s provider in Southeast Asia, is collaborating with UM to create a platform for blockchain technology research and advancement. This partnership aligns with MYEG’s goal of providing citizens with cutting-edge technological solutions in an effort to increase productivity across industries.
In conclusion, the collaboration between MYEG, UM, and China in this research project is a significant step forward in optimizing cross-border transactions. By incorporating AI technology, the project can enhance the overall efficiency of transactions, thereby improving ease and speed. Additionally, this collaborative effort aligns with MYEG’s mission of providing innovative technology solutions to improve productivity across various industries.
