In a groundbreaking collaboration, smart mobility provider Aco Tech has partnered with Geno Group Ltd and the Malaysia Automotive, Robotics & IoT Institute (MARii) to explore the integration of blockchain solutions into Malaysia’s electric vehicle (EV) infrastructure. This partnership aims to accelerate the development of EV infrastructure while addressing concerns related to EV ownership.
The objective of this collaboration is to explore various blockchain solutions, including smart contracts, digital traceability management of the supply chain, tokenomics solutions, and privacy protection technologies. By utilizing blockchain technology, this alliance is set to empower EV manufacturers, service providers, and users by creating a tamper-proof decentralized ledger system.
One of the key advantages of integrating blockchain into the EV ecosystem is the establishment of a secure and scalable infrastructure aligned with the National Automotive Policy 2020. Through the use of blockchain, costs can be reduced, user experiences enhanced, and seamless tracking and maintenance records can be established. The technology also facilitates peer-to-peer energy and charger-sharing, ensuring transparency throughout the lifecycle of products and services.
This collaboration is a significant step forward in shaping Malaysia’s EV ecosystem. It aligns with the government’s ambitious targets of increasing the percentage of electrified vehicles to 20% by 2030, 50% by 2040, and 80% by 2050. By leveraging blockchain technology on an industry-wide scale, Malaysia aims to lead the Southeast Asian EV revolution.
Aco Tech’s CEO, Li Pu, expresses readiness to share knowledge and expertise to support stakeholders in achieving national goals. The collaboration with MARii and Geno signifies a crucial step in accelerating the development of a comprehensive EV ecosystem for Malaysia.
Geno’s CEO, Zhang Yi Ian, highlights that this collaboration marks the first industrial-grade application of blockchain in Malaysia. The aim is to facilitate a transformative shift for participating enterprises toward a service-focused model, enhancing engagement with end-user customers.
Overall, this groundbreaking collaboration between Aco Tech, Geno, and MARii has the potential to revolutionize Malaysia’s EV infrastructure. By exploring blockchain solutions, the sector aims to overcome challenges, promote sustainable practices, and set new industry standards for the future of EV mobility in the country.
FAQ Section:
1. What is the objective of the collaboration between Aco Tech, Geno, and MARii?
The objective of this collaboration is to explore the integration of blockchain solutions into Malaysia’s electric vehicle (EV) infrastructure. This partnership aims to accelerate the development of EV infrastructure while addressing concerns related to EV ownership.
2. What blockchain solutions are being explored in this collaboration?
Various blockchain solutions are being explored, including smart contracts, digital traceability management of the supply chain, tokenomics solutions, and privacy protection technologies.
3. What advantages does integrating blockchain into the EV ecosystem offer?
Integrating blockchain into the EV ecosystem offers several advantages. It helps establish a secure and scalable infrastructure aligned with the National Automotive Policy 2020. It can reduce costs, enhance user experiences, establish seamless tracking and maintenance records, and facilitate peer-to-peer energy and charger-sharing.
4. What are the targets set by Malaysia’s government for electrified vehicles?
The government aims to increase the percentage of electrified vehicles to 20% by 2030, 50% by 2040, and 80% by 2050.
5. What is the significance of this collaboration in shaping Malaysia’s EV ecosystem?
This collaboration is a significant step forward in shaping Malaysia’s EV ecosystem. By leveraging blockchain technology on an industry-wide scale, Malaysia aims to lead the Southeast Asian EV revolution and achieve its ambitious targets for electrified vehicles.
6. Who are the key stakeholders in this collaboration?
The key stakeholders in this collaboration are Aco Tech, Geno Group Ltd, and the Malaysia Automotive, Robotics & IoT Institute (MARii).
Definitions:
– EV: Electric Vehicle, refers to vehicles that run on electricity instead of traditional fossil fuels.
– Blockchain: A decentralized digital ledger that records transactions across multiple computers, ensuring transparency, security, and immutability.
– Smart contracts: Self-executing contracts with the terms of the agreement directly written into code, ensuring automatic enforcement.
– Tokenomics: The economics and mechanics behind the creation, distribution, and utilization of tokens within a blockchain ecosystem.
– Decentralized ledger: A ledger that is distributed among multiple participants or nodes, eliminating the need for a central authority.
Suggested Related Links:
– Malaysia Automotive, Robotics & IoT Institute
– Aco Tech
– MARii
The source of the article is from the blog japan-pc.jp