The Malaysia will take advantage of blockchain and artificial intelligence to deal with corruption and fraud in the digital age.
Speaking at the Third International Conference on Technology, Humanities and Management held in Maldives, Malaysian Anti -Corruption Commission Chief Commissioner Tan Shri Azam said that technological progress has introduced new challenges in combating crime, local media, local media Informed On 30 January.
For example, MACC AI and Blockchain are integrated to compete in their investigation. According to Azam, while these techniques have enabled more sophisticated crimes, they also provide powerful equipment to detect illegal activities and strengthen anti -corruption efforts.
AZAM pointed to AI’s data analysis and detection ability to detect fraud, allowing MACC to highlight financial irregularities that could not be noticed otherwise. Blockchain, he said, ensure “irreversible transactions record”, making it difficult for bad actors to manipulate financial data.
MACC is an independent government agency in Malaysia responsible for investigating corruption and prosecution in both public and private sectors. Using new equipment, the MACC will monitor major sectors including law enforcement, public procurement, financial transactions and subsidy distribution, where there are high risk of corruption.
Azam said that development aligns with the Commission’s goal of increasing transparency, integrity and accountability in various fields.
Blockchain-based solutions have been postponed as a tool to combat corruption for a long time. For example, officials of Ukraine’s Digital Change Ministry have earlier acknowledged that technology can help protect the state records and reduce corruption in overseas bodies.
Malaysia’a Blockchain and Crypto plans
Meanwhile, development comes as part of widespread push by the Malaysian government to embrace blockchain and digital innovation.
According to the country Blockchain roadmap Released by the Ministry of Science, Technology and Innovation, the government has outlined 20 strategic initiatives and 10 main programs to integrate blockchain in public services and other fields.
Such efforts have been reflected in recent participation, including Sam Altman’s World Network (East WorldCoine). Mimos Berhad, the research branch of the Malaysian government, has memorandum of understanding with the WorldCowine Foundation, Tools for Humanity, and MyEG to integrate the biometrics technology of the WorldCoine in the Malaysian infrastructure.
Beyond the blockchain, MPs have also shown interest in Malaysia’s position as a prominent player in the global digital economy.
As reported earlier by Crypto.news, the country’s Prime Minister Anwar Ibrahim underlined this ambition after the meeting with Abu Dhabi Sarkar and Binen’s co-founder Changpeng “CZ” Jhao, saying that Malaysia was said to Policies should be developed for cryptocurrency and blockchain. The nation is “left behind.”
