24 ZTrade is a Web3 platform that provides verification and exchange of digitised trade documents for the trading of HPPET CFUXFFO $IJOB BOE JUT HMPCBM USBEJOH QBSUOFST #Z MFWFSBHJOH ;5SBEF T EJHJUBM TPMVUJPOT DVTUPNT DMFBSBODF DBO be expedited as there will no longer be any need for manual document verification. Following the signing of the ‘Joint Statement of the Ministry of Finance of Malaysia and GACC on Single Window $PPQFSBUJPO JO $SPTT #PSEFS 5SBEF PO +VOF .:&( BMTP SFDFJWFE OPUJàDBUJPO MFUUFST EBUFE +VOF from EL on the connectivity deployment with ZTrade services for the following cross-border trade facilitation services: 3FDPHOJUJPO PG $FSUJàDBUF PG 0SJHJO JTTVFE CZ UIF .JOJTUSZ PG *OWFTUNFOU 5SBEF BOE *OEVTUSZ PG .BMBZTJB BOE ("$$ and Recognition of Phytosanitary Certificate and other product certificates issued by the Ministry of Agriculture and Food Security of Malaysia and GACC. (PJOH B TUFQ GVSUIFS JO +VMZ ;5SBEF FYQBOEFE JUT TDPQF PG DPWFSBHF UP FODPNQBTT UIF EJHJUBM WFSJàDBUJPO PG Certificates of Origin issued by the General Administration of Customs of the People’s Republic of China. .FBOXIJMF BMTP JO +VMZ UIF (SPVQ T XIPMMZ PXOFE TVCTJEJBSZ .ZEJHJUBMDPJO 4EO #IE #VCJ 5FDIOPMPHJFT $P -UE Agmo Holdings Berhad and Star Jewel Capital Inc. extended the exclusivity period of their collaboration related to blockchain development for an additional 5 years by way of a letter of agreement. .:&( .*.04 #FSIBE 8PSME 'PVOEBUJPO BOE 5') JO "VHVTU FOUFSFE JOUP B DPMMBCPSBUJPO XIJDI DPNCJOFE the unique capabilities of each organisation to explore the integration of World’s advanced credential verification UFDIOPMPHZ JOUP .#* "EEJUJPOBMMZ UIF QBSUOFSTIJQ XJMM BTTFTT UIF GFBTJCJMJUZ PG QPUFOUJBM MPDBM NBOVGBDUVSJOH PG 0SCT TFH’s hardware and software tools for human verification. This follows MYEG and MIMOS entering into a MoU to collaborate on building and operating MBI to accelerate blockchain adoption in Malaysia through MYEG’s Zetrix blockchain technology. September 2024 saw MYEG announce the Heads of Agreement between itself and EL for the collaboration to jointly work exclusively with respect to securing and operating the Royal Malaysian Customs Department’s “single window” project. The same month also saw MYEG enter into an MoU with the Federation of Malaysian Freight Forwarders (“FMFFu UP BEWBODF BOE JNQMFNFOU ;5SBEF B CMPDLDIBJO CBTFE USBEF EPDVNFOU TZTUFN BT UIF /BUJPOBM 4JOHMF 8JOEPX JOJUJBUJWF GPS .BMBZTJB 5IJT .P6 XPVME TFF .:&( BOE '.'' XPSL PO TFWFSBM JOJUJBUJWFT UPHFUIFS JODMVEJOH QSPNPUJOH UIF QMBUGPSN UP CVTJOFTTFT BOE HPWFSONFOU NJOJTUSJFT BOE BHFODJFT QSPWJEJOH USBJOJOH BOE TVQQPSU UP VTFST PG UIF QMBUGPSN BT XFMM BT KPJOUMZ JOUSPEVDJOH NBSLFU TFSWJDFT PO ;5SBEF UP '.'' NFNCFST 5IF ;5SBEF QMBUGPSN JT JOUFOEFE UP IFMQ CVTJOFTTFT TBWF NPOFZ PO USBEF EPDVNFOU JTTVBODF NBOBHFNFOU BOE FYDIBOHF DPTUT 5IF QMBUGPSN TUSFBNMJOFT UIF USBEF QSPDFTT UIVT NBLJOH JU GBTUFS BOE FBTJFS GPS CVTJOFTTFT UP DPOEVDU JOUFSOBUJPOBM USBEF DPNQMZ XJUI .BMBZTJBO USBEF SFHVMBUJPOT BOE TUBOEBSET HBJO HSFBUFS WJTJCJMJUZ JOUP UIF USBEF QSPDFTT BT XFMM BT JNQSPWF DPNNVOJDBUJPO XJUI HPWFSONFOU BHFODJFT JOWPMWFE JO UIF USBEF QSPDFTT MYEG in October 2024 announced that Zetrix launched a first-of-its-kind application facility that enables official OBUJPOBM JEFOUJUJFT PG $IJOFTF OBUJPOBMT UP CF BVUIFOUJDBUFE BOE WFSJàFE EJHJUBMMZ PWFSTFBT QBWJOH UIF XBZ GPS B TFBNMFTT FGàDJFOU BOE TFDVSF WFSJàDBUJPO QSPDFTT GPS WFSJàFST BOE JEFOUJUZ IPMEFST 5ISPVHI UIF ;*% TFSWJDF electronic Know Your Customer processes are simplified and enabled for entities outside of China wishing to verify the authenticity of information contained in the Digital IDs presented to them by Chinese nationals. November 2024 saw the unveiling of Halal Traceability Pilot Project by Malaysia Digital Economy Corporation in QBSUOFSTIJQ XJUI *OUFMMJHFODF 5SBDFBCJMJUZ 4EO #IE #JGPSTU (SPVQ BOE ;FUSJY )BMBM 5SBDFBCJMJUZ FOBCMFT DPOTVNFST UP BDDFTT BDDVSBUF VOUBNQFSFE QSPEVDU JOGP FOTVSJOH IBMBM JOUFHSJUZ GSPN GBSN UP QMBUF *O %FDFNCFS ;FUSJY GPSNFE BO FYDMVTJWF QBSUOFSTIJQ PVUTJEF $IJOB XJUI "TUSPO 9JOHIVP #*' UIF JOUFSOBUJPOBM DIBJO PG $IJOB T OBUJPOBM QVCMJD QFSNJTTJPOFE CMPDLDIBJO VOEFS UIF .JOJTUSZ PG *OEVTUSZ BOE *5 UP KPJOUMZ PGGFS BOE QSPNPUF BQQMJDBUJPOT GPS %JHJUBM *%T PG $IJOFTF OBUJPOBMT BOE CVTJOFTT FOUJUJFT B TFSWJDF UIBU FOBCMFT SFBM UJNF fraud-proof identity verification. The service enables individuals and businesses to digitalise their IDs and business registration data respectively as Web3 Verifiable Credentials. The addition of Chinese digital ID verification serves to further reinforce the Zetrix ecosystem as the most comprehensive global ID solution. MANAGEMENT DISCUSSION AND ANALYSIS (cont’d)
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