MARii, ACO Tech and Geno to explore blockchain solutions

The Malaysia Automotive, Robotics & IoT Institute (MARii) has formalised a Memorandum of Collaboration (MoC) with ACO Tech (an affiliate in the Proton Group) and UK-based Geno to explore the use of blockchain solutions for Malaysia’s Electric Vehicle (EV) infrastructure.

Among the blockchain solutions being explored are smart contracts, digital traceability management of supply chain, tokenomics solutions and privacy protection technologies to complement ACO Tech’s solutions for E-Mobility Service Platform (EMSP). This initiative can ensure data privacy and ownership, enable data monetization, and ultimately benefit strategic investors through long-term sustainable investments.

EV charging

The EMSP is the foundational layer of the government’s Connected Mobility Vision which will help accelerate development of EV infrastructure in the country.

The collaborative expertise and capabilities by the three parties will effectively address concerns associated with owning an EV such as the scarcity of charging ports and inconsistent charging rates. The utilisation of blockchain technology solutions, which are Geno’s area of expertise, empowers EV manufacturers, service providers and owners/users to engage more interactively through a tamper-proof decentralised ledger system.

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This approach aims to reduce costs, enhance user experience and confidence, and establish seamless tracking and maintenance records. Additionally, it facilitates peer-to-peer energy and charger-sharing, ensuring transparency throughout the entire lifecycle of products and services.

This agreement paves the way for the sector to become the first to leverage blockchain technology on an industry-wide scale in Malaysia. It will also assist the government in realising the National Automotive Policy (NAP) 2020 by laying a solid foundation for the industry to be able to scale through development of Next Generation Vehicles (NxGV), including EVs. It will also help in creating a national EV-ready infrastructure through Mobility as a Service (MaaS) and blockchain as a service (BaaS).

ACO Tech, MARii, Geno
(From left) ACO Tech CEO Li Pu, MARii CEO Azrul Reza Aziz and Geno CEO Zhang Yi Ian.

“Our collaboration with ACO Tech and Geno marks a significant step forward in shaping the future of Malaysia’s EV ecosystem. By exploring blockchain solutions, we are not only addressing current challenges in the EV sector but also laying the groundwork for a secure and scalable infrastructure aligned with the National Automotive Policy 2020. By synergising our capabilities, we aspire to set new industry standards, promoting sustainable practices and user-centric innovations,” said MARii Chief Executive Officer, Azrul Reza Aziz.

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