ZETRIX DEPLOYS W3C COMPLICATED DIGITAL IDENTITY SERVICE (‘DIS’) AS XINGHUO INTERNATIONAL SUPERNODE GOES LIVE

DIS introduced to separate human interaction from artificial intelligence

PETALING JAYA, Malaysia, 1 June 2023 /PRNewswire/ — Zetrix, the Layer-1 blockchain platform of MY EG Services Berhad (“MYEG”), today announced the successful live deployment of the Xinghuo International Super Node along with the introduction of pioneering Xinghuo BIF naming services, namely Xinghuo Beta Name System (“BNS”) and Xinghuo Digital Identity Service, which are fully compliant with W3C international standards.

Coming only half a year after A LOT and China’s national blockchain, Xinghuo Blockchain Infrastructure and Facility (“Xinghuo BIF”), had entered into an agreement for MYEG to own and operate the Xinghuo International Super Node, this marks another important milestone in bringing real use cases forward to the Zetrix blockchain.

The World Wide Web Consortium (“W3C”) is an international community that develops open standards to ensure the long-term growth of the web. Compliant with the latest W3C standards, Xinghuo Digital Identity Service is a pioneering decentralized identity service that enables immutable verification of online identities. Today, such a service has proven to be especially essential and indispensable in a world where there is a growing need to verify online accounts to determine whether they belong to a real human or artificial intelligence (“AI”).

“We are pleased to achieve this important milestone in a short period of time. Xinghuo International Super Nodes are important in providing connectivity for cross-border transactions with Xinghuo BIF, and many more services will be introduced to facilitate global trade” explained Dr. Jin Jiandirector of the Institute of Industrial Internet and Internet of Things Institute (IIIoT), CAICT.

“In a brave new world of AI-powered smart contracts, decentralized identifiers (“DIDs”) like our digital identity service will be widely used to identify the nature of online interactions as it becomes increasingly difficult to distinguish between engagements between human and AI agents. We are pleased to be among the first to introduce W3C-compliant DID to ensure compatibility and interoperability with other platforms,” ​​said TS Wong, CEO of MYEG.

Xinghuo BIF is a global blockchain infrastructure dedicated to a trusted digital foundation for the world. It consists of at least seven supernodes covering main areas in China and 29 backbone nodes provide services to a wider range of industries and cities. Approximately 100 million blockchain identifiers are resolved daily on Xinghuo BIF, placing it as the most actively used blockchain platform globally.

Through the Xinghuo International Super Node, operated by Zetrix, on-chain assets and transactions can now cross seamlessly across the Zetrix and Xinghuo blockchains, thus connecting governments, businesses and individuals into a global blockchain-based ecosystem.

Xinghuo Digital Identity Service, meanwhile, ensures the interoperability of digital identities issued via Zidentity (“ZID”), Zetrix’s digital identity platform, and their corresponding digital identities issued on Xinghuo BIF, while BNS is a feature that allows users to register and assign their preferred name over blockchain addresses that would otherwise normally be a string of alphanumeric characters.

The rollout announced today is the latest in a series of real-world use cases introduced by MYEG at Zetrix that aim to connect China with the rest of the world. In March, MYEG signed a partnership with East Logistic-Link Co., Ltd, a wholly owned agency of the General Administration of Customs of People’s Republic of China, to jointly offer a full suite of cross-border trade facilitation services that include certificates of origin and other international trade-related certificates on the Zetrix blockchain platform. The service will make it possible for all the data in these certificates to be accurately available in near real time, thereby increasing the efficiency of tariff calculation and customs clearance.

About Zetrix

Zetrix is ​​a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. Zetrix’s cryptographic infrastructure can be introduced to multiple industries to connect governments, businesses and their citizens to a global blockchain-based economy.

Developed by MY EG Services Bhd, the cross-border and cross-chain integration with China Blockchain enables Zetrix to serve as a blockchain gateway that facilitates global commerce by deploying critical building blocks for Web3 services such as Blockchain-based Identifiers (BIDs) and Verifiable Credentials (VC).

About MY EG Services Bhd (“MYEG”)

A LOT is Malaysia’s leading digital service company. Having started operations in 2000 as the flagship provider of e-government services, MYEG continues to play a leading role in driving technological change in the region, bringing a diverse and full range of innovations spanning online delivery of large public services to a range of commercial offers within, among other things, immigration, car, health and financial services.

Committed to staying at the forefront of the region’s digital revolution, MYEG has embraced the potential of blockchain technology to improve all aspects of life and is actively pioneering its adoption across key markets. MYEG has operations in central regional markets such as e.g The Philippines and Indonesia.

About Xinghuo BIF

Xinghuo BIF is a national blockchain infrastructure supported by the Ministry of Industry and Information Technology and led by the China Academy of Information and Communications Technology (CAICT). It provides services mainly to the Industrial Internet, makes breakthroughs in Internet identifier, increases the use of blockchain and drives the economy. With open construction strategies and management model, Xinghuo BIF positions itself as a national blockchain infrastructure that provides services to the world, and the construction was started in August 2020. On 3 August 2021CAICT released BIF-Core, marking the start of the primary chain operation and global service.

SOURCE Zetrix