Malaysia will use blockchain and artificial intelligence to tackle corruption and fraud in the digital age.
Tan Sri Azam, chief commissioner of the Malaysian anti-corruption committee, spoke at the 3rd international conference on technology, humanities and management on the Malaysian anti-corruption committee, which has introduced technological progress new challenges in combating crime, local media reported January 30.
As such, MACC AI and Blockchain integrates into its studies to combat. According to Azam, these technologies have made more advanced crimes possible, they also offer powerful tools for tracing illegal activities and to strengthen anti-corruption efforts.
Azam pointed to AI’s ability to improve data analysis and fraud detection, so that MACC can discover financial irregularities that could otherwise go unnoticed. Blockchain, he noticed, ensures that ‘unchanging transaction files’ make it more difficult for bad actors to manipulate financial data.
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The MACC is an independent government agency in Malaysia responsible for investigating and prosecuting corruption in both the public and private sector. With the help of the new tools, MACC will follow important sectors, including law enforcement, public purchasing, financial transactions and subsidy distributions, where corruption risks are high.
Azam added that the development corresponds to the aim of the committee to improve transparency, integrity and accountability in various sectors.
Blockchain-based solutions have long been advertised as a tool for combating corruption. For example, officials from the Ministry of Digital Transformation of Ukraine have rather acknowledged that technology can help protect the state registers and reduce corruption in supervisory bodies.
Malaysia’a blockchain and crypto -plans
In the meantime, the development comes as part of a broader push from the Malaysian government to embrace blockchain and digital innovation.
According to the country’s blockchain route map issued by the Ministry of Science, Technology and Innovation, the government has described 20 strategic initiatives and 10 core programs to integrate blockchain into public services and other areas.
Such efforts have been reflected in recent partnerships, including one in which Sam Altman’s World Network (formerly Worldcoin) was involved. Mimos Berhad, the armor’s army of the Malaysian government, has a memorandum of conformity with the Worldcoin Foundation, Tools for Humanity and Myeg in the Malaysian infrastructure to integrate the Biometric technology of WorldCoin.
In addition to blockchain, legislators have also shown interest in positioning Malaysia as an important player in the global digital economy.
As previously reported by crypto.news, Anwar Ibrahim, the Prime Minister of the Land, underlined this ambition after a meeting with the government of Abu Dhabi and co-founder of Binance Changpeng “CZ” Zhao, articulating that Malaysia must develop policy for Cryptocurrency and blockchain to guarantee. The nation “is not left behind.”
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