KUALA LUMPUR: Smart mobility provider ACO Tech Sdn Bhd (ATSB) has signed a memorandum of collaboration (MoC) with United Kingdom-based Geno Group Ltd and the Malaysia Automotive, Robotics & IoT Institute (MARii) to explore the use of blockchain solutions for Malaysia’s electric vehicle (EV) infrastructure.
Among the blockchain solutions explored are smart contracts, digital traceability management of supply chain, tokenomics solutions and privacy protection technologies to complement ATSB’s solutions for e-mobility service platform (EMSP).
This initiative can ensure data privacy and ownership, enable data monetisation, and ultimately benefit strategic investors through long-term sustainable investments.
Present at the MoC signing were ATSB chief executive officer Li Pu, MARii chief executive officer Azrul Reza Aziz and Geno Group chief executive officer Zhang Yi Ian.
Li Pu said the growth prospects of the mobility sector in Malaysia are positive, thanks to the government’s support and progressive national policies.
“As a leading smart mobility solutions provider, ATSB is ready to share our knowledge and expertise and support all stakeholders in achieving national goals.
“We are confident collaborations such as ours with MARii and Geno Group are the way forward in accelerating and expediting a comprehensive and conducive EV ecosystem for Malaysia, with an emphasis on security.
“By addressing challenges and capitalising on opportunities, Malaysia can position itself as a leader in the EV revolution in Southeast Asia,” he said in a statement.
The EMSP is the foundational layer of the government’s overarching connected mobility vision, which will help accelerate the development of EV infrastructure in the country.
The collaborative expertise and capabilities of ATSB, Geno Group and MARii 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 empowers EV manufacturers, service providers, owners and users to engage more interactively through a tamper-proof decentralised ledger system.
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 alliance is in line with the New Industrial Master Plan (NIMP) 2030 as well as the National Energy Transition Roadmap (NETR).
The government aims to achieve 20 per cent of electrified vehicles (xEV) by 2030, 50 per cent by 2040 and 80 per cent by 2050.
This agreement paves the way for the sector to become the first to leverage blockchain technology industry-wide 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 the development of next-generation vehicles (NxGV), including EVs.
It will also help create a national EV-ready infrastructure through Mobility as a Service (MaaS) and Blockchain as a Service (BaaS).
Azrul Reza said MARii’s collaboration with ATSB, a joint venture between Proton Holdings Bhd, ECARX Holdings, Altel Communications Sdn Bhd, and Geno Group, 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,” he said.
Geno Group chief executive officer Zhang Yi Ian said this initiative signifies the first industrial-grade application of a blockchain solution.
“The primary goal is to facilitate a transformative shift for participating enterprises towards a service-focused model.
“This strategic move is aimed at enhancing engagement with end-user customers, enabling earlier, deeper, and more enduring interactions,” he said.
ATSB, Geno Group, and MARii are committed to the active exploration of viable technologies towards the national connected mobility vision.
