KUALA LUMPUR: My E.G. Services Bhd
(MYEG) and China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co Ltd have entered into a collaboration to leverage on the Zetrix blockchain to offer cross-border credentials verification services, paving the way for the digitalisation of vital documents, including major government-issued identity credentials.
In a statement, MYEG said the partners conducted a public demonstration of an application that enables the issuance of digital driving licences as verifiable credentials, starting with Chinese nationals.
Through the application, holders of Chinese-issued driving licences would be able to apply online to obtain a digitalised version of their documents in the form of a Verified Credential stored on the Zetrix blockchain wallet.
“We continue to build real-world Web3 applications leveraging on its unique functionality of ensuring the authenticity of digitised documents, including identity credentials and trade documents. Such applications will be the driver to bring 1 billion users to Web3,” MYEG founder and group managing director TS Wong said.
MYEG said digitalisation of the driving licence on the blockchain would enable any authorised third party anytime and anywhere to confirm the authenticity of the credentials as genuinely-issued by the respective authorised authority.
Beyond driving licences, the collaboration between MYEG and Beitou IT Innovation intends to progressively enable the digitalisation and verification, on the blockchain, of all types of documents that are presently still available only in physical form and where authenticity and accuracy are of critical importance.
