Presentation file of Datuk Dr. Mohd Yusoff Sulaiman, the CEO who made a big headline of 'Malaysia Sasar Guna Blockchain Tahun 2025' (Malaysia target blockchain implementation by 2025). He shared the topic "Challenges and Opportunities for Blockchain Adoption: The Malaysian Experience" in Session 3, during Blockchain In Governments event in Singapore's Fort Canning Hotel, 15th August 2018. One of a few good blockchain related event with no ICO pitching (at least not in the Blockchain In Government track), organized by #trueeventus.

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MALAYSIA
Future Proofing the Nation
Presented By:
Datuk Dr Mohd Yusoff Sulaiman
President and CEO, MIGHT
15 August 2018
#considerblockchain

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Innovative clusters
and vendor
development
programme –
empowering SMEs
Culture and
values – trust is
key, rejecting all
forms of
corruption
Additive
manufacturing
and robotics –
challenges of
Industrial
Revolution 4.0
New Government’s Aspirations
Source: http://pakatanharapan.com.my/diymanifesto

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…prospect for business
opportunities in Malaysia through
strategic exploitation of
technology for attainment of
Vision 2020 (and beyond) XX^^
Launching of MIGHT on 22 February 1993
By YAB Tun Dr. Mahathir Mohamad
Prime Minister Malaysia / Patron of MIGHT
“
“

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The Age of Disruption

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Malaysia to adopt blockchain
by 2025
Government are
considering few
sectors, such as land
title registration,
the halal industry
and Islamic fintech
industry as test case
Source: Malaysia Blockchain Regulatory Report, UM

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Use case #1 : Supply chain and public safety
Source: Standards Malaysia
With global supply
chains, the level of
uncertainty increases
with each additional
market that is involved
Impossible to
quickly track
origin of an item
when the need arises
(food outbreaks,
fraud, imitation parts
etc)
Many ‘innocent
parties’ in the
supply chain affected
(loss of income,
delay in settlement
etc)

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Rise in demands of Halal products and services
Global halal
market size was
valued at USD
5.73 trillion in
2016
Source:
1. https://www.reportbuyer.com/
2. State of the Global Islamic Economy Report 2017/18
Global halal food
market is expected
to reach USD
739.59 billion
by 2025
Halal
Pharmaceuticals
sector expected to
reach USD 132
billion by 2022

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Traceability in aerospace components
…to strengthen Halal processes

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Use case #2: Enable trust and authentication
Source: Ministry of Education Malaysia
With today’s
technologies, it enables
forgery (estimated
53%), which questions
the integrity of both the
document and the
Institution

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The Use-case
Notes :
1. Higher Educational Institutions – all HEs recognized by MOHE.
2. Official documents = scroll, certificates, academic records etc.
3. Stakeholders = MOHE, graduates, employers (global), social media eg LinkedIn.
To develop a system for
Malaysian Higher
Educational Institutions
to issue digital official
documents of graduates
which are recognized by the
Institutions’ stakeholders
as official and valid
documents.
Source: Ministry of Education Malaysia

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Proposed Solution
Information in Blockchain
- Student Name
- Student ID
- Student Degree/Diploma
- Signature of University
- Signature of Ministry
(optional)
IIUM Private
Database
- Stores all transcript
details
Multi-signatory accounts
creates the certificates
to be owned by the students
Employers/
Interested party
Student provides
authorization for
employers to view
their documents
Source: Ministry of Education Malaysia

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Our first step embarking into Blockchain

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The Malaysian blockchain movement grew…
Fintech
Regulatory
Sandbox
Industry 4.0
Blueprint/
Trade
Facilitation
Cryptography
for Blockchain
Blockchains
Applied
Research
Industry
Development –
POC for
Corporations
Blockchain
Hubs
ISO/TC 307
TC/G/15
Blockchain &
Distributed
Ledger
Technology
Blockchain for
Over The
Counter market
Co Place /
Start ups

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Building the Blockchain Ecosystem
…block by block

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50% says digital
infrastructure is
important for the
adoption of
blockchain
technology
The critical infrastructure that the government needs
to prepare for adoption of blockchain technology
Source : MIGHT’s survey, (Tech Focus) Malaysia Blockchain & DLT Outlook 2019

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Regulatory, access
to market and
funding are the top
three priorities by
stakeholders
Role of Government to promote adoption of blockchain
particularly among businesses

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91% wants a
greater ASEAN
wide community
and industry
driven and
concerted efforts
The role of ASEAN community to address the barriers
in adopting the technology
83% wants
ASEAN wide
governance on
cross border Anti-
Money Laundering
and scams
75% wants
government-
backed blockchain
based
infrastructure
shared at regional
level
Source : MIGHT’s survey, (Tech Focus) Malaysia Blockchain & DLT Outlook 2019

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Trade facilitation that assist
in trade across borders
faster, and cheaper and more
predictable, whilst ensuring
its safety and security
Strengthen digital
infrastructures such as high-
speed Internet connectivity,
satellite technology, etc.
Adopting a
comprehensive, inclusive
business strategies that
adopt Blockchain
technology
Intensify Research,
Innovation,
Commercialisation and
Entrepreneurship (RICE)
Providing skilled, well trained
human capital including
reskilling
Standards committees on
blockchain and distributed
ledger technologies
The enforcement of existing
cybersecurity regulations is
important, as is the
development of additional
standards and policies
Blockchain as a strategic
enabler that needs financial
incentives to encourage
industry players to adopt this
emerging technology to remain
competitive
How Government should respond to these opportunity and
challenges by stakeholders?

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More competencies in data
generation and analytics, building
experts systems and corporate
profiling
CONTENT DEVELOPER
Enhanced Malaysian
competitiveness at firm-level and
push for leadership position of
niche products and services
STRATEGIC ADVISOR
New ways of connecting and problem-
solving for companies –
Technology, Policy, Funding & Talent
INTERMEDIARY
Making it
happen,
The MIGHT’s way

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Thank you