Malaysia’s EV sector to embrace blockchain technology solutions with latest market collaborations

by

Azunta Gaviola

-

1 year ago

The ‘What’s NEXT in Marketing 2025’ series is making waves in Singapore, the Philippines, Hong Kong, Indonesia, and Malaysia. Join us in shaping the future of marketing!

Malaysia – Aiming to combat the ongoing industry challenges within Malaysia’s electric vehicle sector, ACO Tech, Malaysia Automotive, Robotics, and IoT Institute (MARii), alongside Geno Group, have recently entered into a strategic agreement focusing on the potential of blockchain technology in Malaysia’s EV infrastructure.

In this collaborative venture, the three companies aspire to offer blockchain technology solutions to address the uneven distribution of charging stations and charging rates across Malaysia. Moreso, bring together new industry benchmarks for sustainable practices and an improved user experience.

The proposed solution, in particular, is expected to feature smart contracts and digital assets like non-fungible tokens (NFTs) targeting enhanced decentralisation, privacy protection, as well as more effective interaction among EV manufacturers, service providers, and owners.  

These efforts focus on reducing costs, enhancing user experiences, and ensuring transparency throughout the product and service lifecycle. It also seeks to provide enhanced security and equitable distribution of resources, with digital traceability management and tokenomics solutions at hand. 

Simultaneously, it also aims for operational uniformity to advance the sector towards a comprehensive EV framework. 

Commenting on the partnership, Azrul Reza, CEO at MARii, said, “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 synergizing our capabilities, we aspire to set new industry standards, promoting sustainable practices and user-centric innovations,” added Azrul. 

As the first industry-wide application of blockchain technology within Malaysia’s EV sector, this initiative creates a comprehensive and supportive ecosystem for electric vehicles, with a focus on safety, sustainability, and efficiency.

The NEXT Awards 2025 is here, and we’re seeking the most innovative marketing campaigns from Indonesiathe Philippines, Malaysia, Singapore and Asia Pacific. Submit your entry today and showcase your best work!
Share

RECENT ARTICLES

Xtend launches marketplace-focused e-commerce solution in Southeast Asia
U Mobile, MRCA collaborate to support digitalisation in Malaysia’s retail sector
Circles partners with OpenAI to develop AI-native telco platform
Indosat partners with Google Cloud to deliver smarter in-app search
Malaysia Airlines adopts Amadeus Travel Ready integration, streamlining passenger experience
Ellipse 3

RELATED ARTICLES

Xtend launches marketplace-focused e-commerce solution in Southeast Asia
U Mobile, MRCA collaborate to support digitalisation in Malaysia’s retail sector
Circles partners with OpenAI to develop AI-native telco platform
Ellipse 3

FEATURED ARTICLES

Xtend launches marketplace-focused e-commerce solution in Southeast Asia
U Mobile, MRCA collaborate to support digitalisation in Malaysia’s retail sector
Circles partners with OpenAI to develop AI-native telco platform

Subscribe to UpTech Media Newsletter

Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.

Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.

Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.