Blockchain in the automotive industry, the Malaysian perspective, pesented by Dato Madani Sahari, CEO of Malaysia Automotive Institute (MAI), a GLC under Ministry of International Trade and Industry (MITI), during the MoA signing of CVM and MAI in Cyberjaya, Malaysia.

The four immediate initiatives that will benefit the consumers, entrepreneurs and environment are:

1) Supply Chain
2) Reputation Economy
3) Carbon Footprint Reduction
4) Alternative e-hailing

Effendy Zulkifly, Co-Founder of Crypto Valley Malaysia, made a brief introduction of CVM to the VIP guests.

Blockchain is only part of the process. In this launching, the solutions are more towards applying blockchain in the supply chain, where new form of economic model and values to be created through out the value chain of the automotive industry.

Data is the new oil.

Smart city is the ultimate goal.

Transparent, fair and effective resource distribution.

There was a media session after the MoA signing ceremony.

Official report by MAI’s website: MAI And Cryptovalley Malaysia Ink Agreement On Blockchain Technologies For Enhanced Consumerism, Entrepreneurship And Environmental Conservation

SophiaTX WeChat Channel: 马来西亚汽车研究院（MAI）和马来西亚加密谷协会(CVM)宣布启用SophiaTX区块链，用于推动全国汽车工业发展

Other media reports:

(1) Utusan Online : MAI terap teknologi blockchain dalam industri automotif

(2) Berita Harian : Laksana teknologi Blockchain pertama untuk sektor automotif

(3) Careta : MAI, CRYPTOVALLEY MALAYSIA TANDATANGANI PERJANJIAN, LAKSANA TEKNOLOGI BLOCKCHAIN DALAM SEKTOR AUTOMOTIF

(4) Enterprise It News (EITN) : Blockchain to be applied to Malaysia’s automotive sector by 2019

(5) Bernama : MAI, CVM meterai MoA laksanakan teknologi ‘blockchain’

(6) Tokenpost : Malaysia Automotive Institute seeks to bring blockchain to automotive sector

(7) BlockTribune : Cryptovalley Malaysia Teams With Malaysia Automotive Institute On Blockchain

(8) Enterprise It News (EITN) : SophiaTX Blockchain To Advance National Automotive Industry with MAI

(9) Business Today : MALAYSIAN AUTOMOTIVE INSTITUTE (MAI) AND CRYPTO VALLEY MALAYSIA (CVM) SIGNS MOA

(10) sme.org.my : Malaysian Automotive Institute (MAI) and Crypto Valley Malaysia (CVM) signs MoA

(11) CoinNess.com : MAI, CVM Ink MoA to Initiate Blockchain Technology Applications

(12) China Press | 中国报 : 汽车研究院与加密谷协会 推出免费电子召车平台

(13) TV3

via ytCropper

Thank you people from the blockchain industry for attending and supporting our event.

Mr. Choo Kok Weng from SophiaTX.

Adnan (AK) and team SMOOA. Semua boleh!

Mr. Jason Kee, Cryptorian who purposely flew from Johor to attend the event.

Thank you all who made this progressive milestone and we at CVM will work our best to achieve our mission of putting Malaysia on the world tech radar with the support of all ecosystem stakeholders. God bless and all the best.

The post CVM And MAI Sign MoA to Implement Blockchain Technology In Automotive Industry appeared first on Blockchain Insider.

German Ingolstadt-based car manufacturer Audi is testing Blockchain technology for its physical and financial distribution processing. With its new solution, Audi aims to increase the security and transparency in its global supply chains. The car manufacturer released a Proof-of-Concept (PoC) of its Blockchain system last year, after successfully testing the technology based on Hyperledger Fabric. Due to positive feedback, Audi’s management decided to advance the project beyond the PoC stage.

Germany-headquartered car manufacturing giant Daimler AG, famous for its Mercedes-Benz and Smart brands, presented its own Blockchain-based digital currency MobiCoin at the Mobile World Congress 2018 in Barcelona.

BMW, another German car manufacturer has allegedly closed a second partnership with a Blockchain startup, this time to source ethical cobalt for its products.

Volkswagen (VW) has announced a cooperation agreement with the IOTA Foundation, with plans to potentially incorporate blockchain technology into the autonomous driving initiatives of the German car giant which owns Lamborghini.

Dubai’s transport authority has revealed plans to create a vehicle lifecycle management system using Blockchain as part of the Dubai 10X initiative. The Roads and Transport Authority (RTA) said the project seeks to improve customer experience by providing a vehicle history from the manufacturer all the way to the scrap yard. In other words, buyers and sellers will be able to track where the vehicle is in its lifecycle.

What’s cooking here in Malaysia?

A Visit to MAI – Malaysia Automotive Institute

We made a visit to MAI (Malaysia Automotive Institute) in Cyberjaya on 30th March 2018, to discuss Blockchain technology and the possibilities on how the automotive industry can apply it from policy and regulation’s point of views.

We met Dato Madani Sahari, the CEO of MAI, who is very open-minded and far-sighted, shown from how he was able to interpret and explain the concepts to his colleagues during the meeting. MAI’s Assistant GM from Strategic Division, Mohd Sharulnizam bin Sarip also provided us a lot of useful points to ponder with his comments and feedbacks. We have quite a fruitful meeting with all the nice people from MAI who joined the briefing.

Effendy Zulkifly, founder of BCRC (Blockchain Research Center) Malaysia gave a good presentation on how Blockchain can play a role in the automotive industry.

This was an exciting and great meet up with MAI’s team. From left, representing BCRC Malaysia’s chapter, Effendy Zulkifly, How Tze, Dr. Andi from Indonesia, and Amir from AGA Group.

MAI’s Electric Car

Met this cutie on our way back. The electric car is charging outside the parking area.

The post Blockchain and The Automotive Industry appeared first on Blockchain Insider.