Malaysian Government Initiates Blockchain Integration Drive

[kreslik.news]

The Malaysian government wants to integrate blockchain technology into its most significant industries, according to Asian Correspondent.

Said industries are Islamic finance, renewable energy, and agriculture. The government has created a task force – the Malaysian Industry-Government Group for High Technology (MIGHT) – to drive this initiative.

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Islamic finance

Malaysia, population approximately 32 million, is a majority Muslim country, and Islamic finance accounts for 28 percent of the Malaysian financial sector. The government wants this share to grow over the next few years.

Islamic finance is characterised by the forbidding of usury, which ... (read more)