43 OUR BUSINESS AND STRATEGY OUR BUSINESS MODEL AT WORK (cont’d) MYEG's business model reduces, if not eliminates, the need for travelling as well as waiting times. This increases efficiency and productivity and improves delivery of e-Government and commercial services to citizens and customers. The use of digital mediums transcends physical and other boundaries, allowing much needed services to be delivered nationwide, thus reducing disparity between urban, semi-urban and rural populations. It promotes equality and equity with all demographics having equal access to services. MYEG's business model promotes local entrepreneurship and job opportunities, with the provision of agency opportunities. This is especially evident in semi-urban and rural locations. One of the key aspirations on Malaysia's national agenda is a seamlessly digitally connected society. MYEG's successful delivery of e-Government and commercial services enables the progressive realisation of the digital aspirations and paves the way for the continued proliferation of technology in other areas i.e. blockchain and more. VALUES CREATED FROM THE BUSINESS MODEL Convenience and affordability Bridging the digital divide Creation of jobs and entrepreneurship opportunities Supporting Government’s aspirations for a digitally connected society ZETRIX ;FUSJY B -BZFS QVCMJD CMPDLDIBJO QMBUGPSN DPOTUJUVUFT UIF NBJO UISVTU PG .:&( T 8FC TUSBUFHZ 5IF QMBUGPSN TFSWFT UIF EFWFMPQNFOU BOE JNQMFNFOUBUJPO PG B XJEF SBOHF PG DVUUJOH FEHF JOOPWBUJPOT BOE EFDFOUSBMJTFE BQQMJDBUJPOT putting the Group at the forefront of the Web3 revolution in the region. *O ': .:&( MFWFSBHFE BDDFTT UP XPSME MFBEJOH UFDIOPMPHJFT UISPVHI JUT DMPTF DPPQFSBUJPO XJUI $IJOB WJB $IJOB T OBUJPOBM CMPDLDIBJO JOGSBTUSVDUVSF 9JOHIVP #*' BOE IBT BMSFBEZ FTUBCMJTIFE QBSUOFSTIJQT XJUI NBKPS HPWFSONFOU and commercial entities to successfully deploy several pioneering applications with real-world practicality and commercialisation potential. Below are some of the major services launched under Zetrix. ZTrade, a full-suite of cross-border trade facilitation services from a first-of-its-kind Web3 + AI link between the People’s Republic of China (“PRC”) and its trading partners, including certificates of origin offered in collaboration with the GACC. Supply chain financing solutions offered in collaboration with Chinese banks. A multi-chain wallet that enables seamless management and movement of digital assets across Zetrix, Xinghuo and Ethereum. Digital credentials service allowing Chinese nationals to digitalise their IDs and drivers’ licences as Verifiable Credentials which can then be presented abroad for verification.
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