Malaysia Takes Early Steps to Develop its Blockchain Industry

An independent Malaysian non-profit industry-government group is leading the effort to foster and develop the local blockchain industry in the country.

The Malaysian Industry-Government Group for High Technology (MiGHT), an industry-government think tank that advocates and develops the country’s high technology agenda, is taking the first steps toward establishing Malaysia’s blockchain industry.

MiGHT is collaborating with Bloktex, a cryptocurrency and blockchain advocacy body based in the Malaysian capital of Kuala Lumpur, toward this effort, according to a regional report.

The industry-government collaborative is notably tasked to support the country’s science advisor while established under the purview of the Prime Minister. Fundamentally, the public-private think tank helps develop policies and offers strategic advice to the government.

Speaking during the inaugural Kuala Lumpur blockchain conference, MiGHT Blockchain Programme director Mastura Ishak revealed:

Malaysia has started looking at blockchain since last year and although it is a relatively new industry with only a few global players, we believe Malaysia can excel if we focus on a nice segment within the industry.

While details are scarce, the two-day conference co-hosted by MiGHT

Read more ... source: CryptoCoinsNews

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