KUALA LUMPUR (July 1): MY EG Services Bhd (MYEG), via its Zetrix blockchain, and Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) have jointly announced the introduction of Blockchain-based Identifiers (BIDs)/Verifiable Credentials (VCs) and Blockchain-based E-signing services to international markets. In a statement, the group said Xinghuo BIF is a China initiated international blockchain infrastructure supported by all levels of the Chinese government while Zetrix blockchain runs the International Supernode of Xinghuo BIF to connect entities outside China to the Xinghuo BIF. “The BID, an official DID method listed in the DID Specification Registry of World Wide Web Consortium (W3C), is a new approach to realise decentralised identity based on Xinghuo BIF. “Zetrix will connect Chinese parties signing on the domestic Xinghuo BIF network with their international counterparts signing on the Zetrix network,” it said. “No other blockchain platform currently provides these services at a scale that matches Xinghuo — Zetrix and we are excited to be the global industry leaders in this real world use case,” he added.

Source: The Edge Markets July 01, 2022 07:44 UTC