Malaysia proposes blockchain identity system to curb fraud [Video]

Blockchain is among the technologies that can enhance digital security in Southeast Asia, Malaysia’s Deputy Prime Minister, Datuk Seri Ahmad Zahid Hamidi, says.

Zahid spoke at the Asia International Security Summit and Expo 2025 on January 20, where he called on the region to step up security measures for economic prosperity. With the growth of the digital economy in the region, cybersecurity has become a particularly critical field, with Zahid warning that criminals are now tapping emerging technologies like artificial intelligence (AI) to launch complex attacks.

“While discussions are valuable, execution is imperative. I urge all stakeholders — governments, law enforcement agencies, and industry leaders — to take concrete action in certain key areas,” he stated, as reported by local outlet Malay Mail.

Zahid proposed a national blockchain-powered identity verification systemto safeguard digital transactions for the 670 million residents of the fast-growing region. Blockchain could also mitigate against identity fraud, which costs …