Latest news with #MOSTI
The Sun
2 days ago
- Business
- The Sun
Malaysia advances blockchain adoption with new infrastructure initiative
KUALA LUMPUR: The Ministry of Science, Technology and Innovation (MOSTI) is working closely with the Ministry of Digital to accelerate blockchain adoption nationwide, targeting sectors like public administration, finance, and the halal industry. Minister Chang Lih Kang highlighted the technology's role in improving transparency, efficiency, and security. 'This includes government administration to improve transparency and efficiency in public service systems; finance and banking to reduce transaction costs and enhance access to digital financial services; the halal industry to strengthen tracking and certification systems that are more efficient and reliable; and trade and supply chains to enhance efficiency and product traceability from producers to consumers,' he said during the launch of the Malaysia Blockchain Infrastructure (MBI) at Malaysia Blockchain Week 2025. Chang explained that blockchain's potential has been hindered by fragmentation, high costs, and interoperability issues. The MBI aims to address these challenges by enabling seamless connectivity between blockchain networks, lowering costs, and improving trust and security. 'The MBI is our strategic response, designed to enable interoperability across blockchain networks, reduce transaction costs and duplication, and enhance trust, transparency, and security. It will also provide open access to more startups, businesses, and communities,' he added. The initiative aligns with the National Blockchain Roadmap 2021–2025, which has achieved 60 per cent of its goals so far. Malaysia Blockchain Week serves as a platform for collaboration, reinforcing the country's ambition to become a regional blockchain leader. - Bernama
Barnama
2 days ago
- Barnama
MOSTI Leaves Pdrm Helicopter Crash Probe To Authorities
KUALA LUMPUR, July 21 (Bernama) -- The Ministry of Science, Technology and Innovation (MOSTI) has left the investigation into the Royal Malaysia Police (PDRM) helicopter crash in Sungai Pulai, Gelang Patah, on July 10 to the relevant authorities. Minister Chang Lih Kang said that although the incident occurred during the Multilateral Nuclear Security Detection Exercise (MITSATOM) 2025, the ministry is not involved in the probe. 'It happened during a MOSTI programme rehearsal, but we are not part of the investigation. It's not under our purview,' he told reporters at the launch of the Malaysia Blockchain Infrastructure (MBI) in conjunction with MyBlockchain.
Barnama
2 days ago
- Business
- Barnama
MOSTI, Digital Ministry Committed To Advancing Blockchain Adoption Nationwide
KUALA LUMPUR, July 21 (Bernama) -- The Ministry of Science, Technology and Innovation (MOSTI) remains committed to formulating and implementing policies and initiatives in collaboration with the Ministry of Digital to drive broader adoption of blockchain technology across key national sectors. Its minister, Chang Lih Kang, said the collaboration includes sectors such as public administration, finance, halal industry, and trade to enhance transparency, efficiency, and data security. 'This includes government administration to improve transparency and efficiency in public service systems; finance and banking to reduce transaction costs and enhance access to digital financial services; the halal industry to strengthen tracking and certification systems that are more efficient and reliable; and trade and supply chains to enhance efficiency and product traceability from producers to consumers,' he said. Chang was delivering his keynote speech at the launch of the Malaysia Blockchain Infrastructure (MBI) during Malaysia Blockchain Week 2025 here today. He said blockchain technology is becoming increasingly relevant in sectors like finance, supply chains, halal traceability, and public services. However, challenges such as fragmentation, high costs, and lack of interoperability have limited its full potential. 'The MBI is our strategic response, designed to enable interoperability across blockchain networks, reduce transaction costs and duplication, and enhance trust, transparency, and security. It will also provide open access to more startups, businesses, and communities,' he said. According to Chang, the MBI positions Malaysia at the forefront of digital trust infrastructure, supporting not only innovation but also creating real-world impact across industries and communities. He said the implementation of MBI is aligned with the National Blockchain Roadmap 2021–2025 outlined by MOSTI, which has achieved 60 per cent of its objectives to date and aims to position Malaysia as a regional digital hub for blockchain technology. Chang also noted that Malaysia Blockchain Week, the country's flagship blockchain event, is more than just a gathering of industry players, institutions, and government stakeholders — it is a bold statement of intent to lead in digital innovation and embrace the future economy.
Barnama
5 days ago
- Business
- Barnama
Cradle Launches Initiative To Drive Corporate Innovation, SME Growth
KUALA LUMPUR, July 18 (Bernama) -- Cradle Fund Sdn Bhd (Cradle), the focal agency under the Ministry of Science, Technology and Innovation (MOSTI), today launched the Cradle Innovation Advisory, a strategic partnership initiative to accelerate technological transformation among corporates and small and medium enterprises (SMEs) in Malaysia. In a statement, MOSTI said the initiative was introduced to address structural limitations within the national innovation ecosystem, including inadequate post-grant support, weak commercialisation pathways, fragmented linkages between industry and startups, and limited SME engagement in research and development (R&D) activities. Deputy Science, Technology and Innovation Minister Datuk Mohammad Yusof Apdal said the Cradle Innovation Advisory provided SMEs with access to the expertise, tools and partnerships needed to continue to innovate, grow and compete globally. 'This marks a shift from support to empowerment. By strengthening partnerships with universities, corporates, and global startup communities, we can create fertile ground where great ideas are not only developed but also launched into the market, transforming entire sectors,' he said. Meanwhile, Cradle Group chief executive officer Norman Matthieu Vanhaecke said the initiative was not merely about introducing new frameworks but also about creating a space for startups to work hand‑in‑hand with key corporate players. 'In this proof‑of‑concept phase, we will refine and optimise our approach before scaling it nationally for deeper, long‑term impact,' he said. According to MOSTI, a key part of the initiative was the Corporate Innovation Lab Programme (CILP), a structured platform offering modular workshops tailored to the developmental maturity of participating organisations. The ministry also said that the initiative would offer bespoke advisory services, including innovation audits, formulation of innovation roadmaps and support for R&D commercialisation. 'Cradle will also offer access to strategic services such as legal advisory and human capital planning.
Barnama
5 days ago
- Science
- Barnama
Hypereactor, Malaysia's First Solid-state Hydrogen Reactor, Launched At Pos Tibang
GENERAL TANJONG MALIM, July 18 (Bernama) -- Malaysia's first solid-state hydrogen reactor, the HyPEReactor, was launched today at the Orang Asli Settlement of Pos Tibang here. Science, Technology and Innovation Minister Chang Lih Kang said the launch marked a significant step towards providing clean and safe electricity to rural communities with limited energy access. 'The technology is not only stable and safe but also environmentally friendly, without noise or odour pollution like a conventional genset,' he said when officiating the launch of HyPEReactor. Also present were Ministry of Science, Technology and Innovation (MOSTI) Deputy Secretary-General (Technology Development) Datuk Dr Mohd Nor Azman Hassan and NanoMalaysia Berhad (NMB) Chief Executive Officer Dr Rezal Khairi Ahmad. Chang said the launch of HyPEReactor was among MOSTI's initiatives that reflected the government's commitment to developing advanced and sustainable green technology for the benefit of the people, including those in remote areas. 'We want to ensure that every home in Pos Tibang and other Orang Asli villages across the country enjoys the same rights as other Malaysians, (including) access to basic needs, education, healthcare and a good life,' he said. Meanwhile, Chang said that the HyPEReactor system could operate without relying on diesel, was portable, and had been developed using local technology. He said the initiative also opened up the potential for new business models for rural electrification and, in the long term, could spark interest in Science, Technology, Engineering and Mathematics (STEM), as well as create job opportunities in science, technology and innovation, especially for young people in Pos Tibang. Chang said the technology was in line with the nation's clean energy policy and reinforced efforts to support the National Energy Policy and the transition to sustainable renewable energy sources, such as hydrogen.
