Malaysia proposes to implement blockchain for identity verification
Date: 2025-01-29 Author: Henry Casey Categories: BLOCKCHAIN
At the Asia International Security Summit, Hamidi expressed concern about the rise in crimes related to new technologies. According to Sumsub, the number of cases of identity fraud in Southeast Asia increased by 120% in 2024. The largest number of such incidents were recorded in Singapore, Thailand and Indonesia.
In Malaysia, ID fraud, credential theft and deepfakes are especially common. In this regard, the deputy minister proposed the creation of a national blockchain-based identification system that will provide a higher level of security for all digital transactions. According to him, this solution can protect 670 million residents of the region.
Hamidi is confident that blockchain will help reduce the financial losses of citizens from fraud, which are estimated at billions of dollars annually. He called on government officials, law enforcement agencies and businesses to speed up work on creating such a system.
In addition, Hamidi suggested using artificial intelligence to predict and prevent threats related to the leakage of confidential data. He also believes that ASEAN countries should join forces and create a special group to combat cybercrime.
Malaysian authorities have previously studied the use of blockchain to control the quality of agricultural products. In 2019, the country introduced a simplified procedure for obtaining work visas for specialists in the field of blockchain technologies.
