Kuala Lumpur, Malaysia – Zetrix, a layer 1 public blockchain platform, has recently introduced its ‘Digital Credentials’ platform, signalling a new way of secure, convenient, and interoperable credentials verification. This solution tackles the challenges associated with traditional paper-based credentials, providing a diverse set of advantages that promise to reshape digital interactions for individuals, organizations, and governments.
This milestone follows the commercialization of a collaboration announced on September 18, 2023, involving Malaysia’s MY E.G. Services Berhad and China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co Ltd (“Beitou”), the IT arm of Guangxi Beibu Gulf Investment Group.
Initially targeting domestic Chinese nationals, the service allows individuals to convert their National ID or driving license into a Verifiable Credential (“VC”) on Xinghuo International, the international gateway for China’s national Public Blockchain. Leveraging integration with Zetrix, the National ID or driving license VC can be presented abroad for authentication by any verifier seeking to confirm the pertinent identity or driving license data based on their requirements.
Beitou IT’s integration with China’s nationwide police and transport department databases ensures a seamless process of authentication and digitization of documents into VCs.
Furthermore, due to the inherent immutability of blockchain technology, verifiers can be confident that the VCs and all data within the document are authentic and accurate.
Looking ahead, it is anticipated that beyond IDs and driving licenses, other crucial credential documents held by individuals or businesses will undergo digitization as VCs in the near future.
TS Wong, founder of Zetrix, said, “In addition to ensuring authenticity, documents digitised as Verifiable Credentials offer the ability for selective disclosure or confirmation of data. For instance, document holders can have their age or their home location verified without actually having to provide their date of birth or full address. This is extremely useful as it protects raw user data from being shared unless absolutely necessary, thus reducing the possibilities of cyber attacks.”
Meanwhile, Lai Shuiping, chairman of the board of Guangxi Beitou IT Innovation Investment Group, commented, “The China-ASEAN digital driving license cross-border verification platform is jointly developed by Beitou IT and MYEG. The platform will continue to expand into providing more convenient services for communication between citizens of China and ASEAN countries, and promote economic development across the entire region.”
Zetrix’s Digital Credentials platform also leverages a multi-chain e-wallet that can store Zetrix’s native tokens as well as VCs from Xinghuo International and Ethereum. This feature facilitates seamless cross-chain transactions and simplifies identity and document verification across multiple scenarios, enhancing the experience for travelling individuals.
