Malaysia will take advantage of blockchain and artificial intelligence to fight corruption and fraud in the digital age.
Speaking during the 3rd international conference on technology, the humanities and management held to the Maldives, Tan Sri Azam, chief commissioner of the Malaysian anti-corruption commission, stressed that technological progress has introduced new challenges in The fight against the fight against crime, said January 30.
As such, the MacC integrated the AI and the Blockchain in its investigations to fight. According to Azam, although these technologies have enabled more sophisticated crimes, they also offer powerful tools to draw illicit activities and strengthen the efforts to combat corruption.
Azam stressed the AI capacity to improve data analysis and fraud detection, allowing MacC to discover financial irregularities that could otherwise go unnoticed. Blockchain, he noted, assures “immutable transaction registers”, which makes it more difficult for bad players to manipulate financial data.
The MACC is an independent government agency in Malaysia responsible for investigating and pursuing corruption in the public and private sectors. Using new tools, MacC will monitor the key sectors, including the application of laws, public procurement, financial transactions and grant distributions, where corruption risks are high.
Azam has added that development aligns with the Commission’s objective to improve transparency, integrity and responsibility in various sectors.
Blockchain -based solutions have long been presented as a tool to fight corruption. Managers of the Ukraine Ministry of Digital Transformation, for example, have previously recognized that technology can help protect state files and reduce corruption in surveillance organizations.
Blockchain and Malaysia’a Crypto Plans
Meanwhile, development is part of a broader push in Malaysian government to adopt blockchain and digital innovation.
According to the Blockchain Roadmap in the country published by the Ministry of Sciences, Technology and Innovation, the government has described 20 strategic initiatives and 10 basic programs to integrate blockchain into public services and others Domains.
Such efforts have been reflected in recent partnerships, including that involving the World Network of Sam Altman (formerly Worldcoin). Mimos Berhad, the Malaysian government’s research branch, has signed a memorandum of understanding with Worldcoin Foundation, Tools for Humanity and Myeg to integrate Worldcoin biometric technology into Malaysian infrastructure.
Beyond the blockchain, legislators have also expressed their interest in positioning Malaysia as a key director of the global digital economy.
As indicated above by Crypto.News, Anwar Ibrahim, the Prime Minister of the country, underlined this ambition following a meeting with the abu Dhabi government and the co-founder of Binance Changpeng “Cz” Zhao, articulating that Malaysia Must develop cryptocurrency and blockchain policies to ensure that Malaysia must develop cryptocurrency and the nation block policies “cannot be left behind”.
