STRATEGIES TO SUSTAIN VALUE CREATION (cont’d) This collaboration brings the next-generation Web3 applications to both government and commercial sectors in the country to further promote the development, deployment and take-up of blockchain-related applications and services in both the public and private sectors. Given that the National Blockchain Roadmap aims to steer Malaysia towards Blockchain 2.0 and look beyond its role in cryptocurrencies, the National Blockchain Roadmap also focuses on blockchain’s potential to address some of the key business pain points, ranging from fraud management to supply-chain monitoring to identity verification, which can increase efficiency and reduce costs in business transactions. In this regard, Zetrix’s blockchain technology can occupy an important role to address these key challenges, by improving digitalisation, enabling automation as well as providing security, traceability, transparency and authenticity, thus leading to operational cost efficiency with less paperwork and manpower requirements. In this vein, MYEG’s Zetrix saw a huge increase in focus in FY2022 with the notable launch of the pilot for its crossborder trade financing solution, Zetrix TradeFi, with AmBank (M) Berhad being the pioneer bank participating on the blockchain-based digital platform, subject to relevant approvals. Since then, in marking a landmark breakthrough for Zetrix, MYEG signed a partnership agreement with East LogisticLink Co. Ltd, a wholly-owned agency of the GACC to jointly provide a full suite of cross-border trade facilitation services that include certificates of origin on the Zetrix blockchain platform. The digitalisation of trade via blockchain will bring efficiencies that will enhance and ultimately transform mainstream trade and commerce, making this pilot another important milestone in MYEG’s evolution to be a leading global Web3 platform. Ultimately, through blockchain, MYEG aims to strengthen its position as a first market mover, while augmenting its existing capabilities to develop disruptive innovations to advance the digital agenda in Malaysia and well beyond. As blockchain technology matures and its application across sectors and systems grows, there is an opportunity to realise blockchain’s potential – not just for finance or industry, but for people and the planet. Via distributed solutions, blockchain can effectively address key ESG considerations such as supply chain transparency, decentralised resource management, sustainable finance, sustainability monitoring and verification, transformation of carbon markets, etc. Supply chain traceability 100% digitalised services Upholding labour and human rights MYEG's Aspirations New Approaches to Value Creation Values Created Blockchain ESG-based projects (Foreign worker hostels, etc.) Combatting climate change Sustainable financial and non-financial values created 50
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