Malaysia’s agency Anti-graft says it turns to blockchain and artificial intelligence (AI) to fight corruption and fraud.
Malaysian Anti -Corruption Commission (MACC) Chief Commissioner Tan Sri Azam noted that criminals are increasingly sophisticated tools to implement corruption and fraudAnd the government must benefit from the latest new technologies to keep up.
Azam was speech At the 3rd international conference on technology, humanities and leadership in Fuvahmulah, Maldives, where he designated “crypto” fraud and fraud, cyber crime and AI abuse as some of the more challenging sectors for supervisory authorities in the digital age.
“Technological progress can actually be utilized using AI, including its use from the aspect of data analysis, as well as blockchain technology,” pronounced Azam, as reported of local stores.
“Blockchain ensures unchanging transaction items, while AI improves data analysis, which allows the detection of fraud and financial irregularities,” he added in his main number.
Blockchain has been suggested as One of the most effective technologies to fight transplants in the public sector. In addition to its unchanging items, which limit manipulation, blockchain’s transparent general ledger increases. The technology also offers Smart contractswhich enables automation of public service processes and reduces the opportunities for corruption.
The Malaysian government has steps up to increase the adoption of blockchain In recent years. A week ago revealed The government is investigating blockchain to improve digital security. Earlier this month, Prime Minister Datuk Series has Anwar Ibrahim revealed The fact that Malaysia investigated blockchain and digital asset rules and worked with the United Arab Emirates government to utilize its expertise in the field.
Malaysia has done that too Integrated Blockchain in a new ecosystem for digital identity, which is offered through Migital ID Superapp. The appthat includes a Digital walletAlso allows Malaysian companies to integrate their services and press its direct login function. It is built on top of Malaysia Blockchain Infrastructure, a national blockchain network built and the maintenance of Mimos Berhad, the country’s national research and development center.
“This platform will simplify access to digital services at the same time as the highest standards for data security and the integrity of users. At the same time, it will allow companies to unlock new opportunities and streamline their operations in the digital age, ” commented Fadzli Shah, who is head of Mimo’s subsidiary, MyEg.
In order for artificial intelligence (AI) to function directly within the law and thrives on growing challenges, it must integrate a corporate blockchain system that ensures data input quality and ownership – which means that it must keep data secure and at the same time guarantee the immutability of data. Check out COINGEEK’s coverage on this new technology to learn more Why Enterprise Blockchain will be the spine in AI.
Watch: Understand the dynamics of Blockchain & Ai
https://www.youtube.com/watch?v=w9qpk9g1l7m Title = “Youtube Video Player” Framebord = “0” Allow = “Accelerometer; Autoplay; Clipboard Writing; Encrypted Media; Gyroscopes; Image-in-Image; Web-Share” Reference Policy = “Strict-Incorce-Corus origin” Allowed of screen>
