Malaysia wants to fight false titles with the blockchain

Combat the falsification of educational qualifications using the potential of blockchain technology: this is the intent expressed by the Malaysian government faced with a problem that is becoming increasingly relevant. The tool to remedy a practice that is putting the system of higher education in the south-eastern country into difficulty is E-Skrol, an application designed to be able to run on the NEM blockchain and thanks to which it will be possible to verify the authenticity of the qualifications in an easy and immediate way.
The news was announced by the local news agency Bernama, according to which the Malaysian Ministry of Education will make the application available to all the universities located along the national territory.

The reasons behind the decision

To justify the move was Maszlee Malik, the Minister of Education, according to whom the issue of false graduates is having a negative impact on the Malaysian higher education system, discrediting it and Malays public universities. Thanks to E-Skrol, this custom can be cut off, allowing anyone, wherever they are, to quickly verify the reality. It will suffice indeed scan the QR code printed on the certificates to verify the authenticity of the data, including the personal details and the date of graduation.

Malaysia and cryptocurrencies

The decision in question confirms the policy pursued so far by the Malaysian government, based on a certain caution towards cryptocurrencies, but with the utmost attention to the blockchain. Indeed, in the recent month of June, a work visa program was launched for specialists blockchain from every part of the globe. The aim of the initiative is to attract foreign professionals so that they can provide a range of services or carry out their training at one of the Malaysian companies operating in the sector. The professionals in question will enjoy a temporary visa valid for one year and may be useful to encourage the development of projects useful for the growth of Malaysia.
As for virtual currencies, it was Lim Guan EngMalaysia's finance minister, instead, warns people and companies that intend to release new cryptocurrencies through the ICO. He did it during a hearing in parliament and with a series of subsequent statements, advising to wait for the legal guidance of Bank Negara Malaysia, the country's central bank, before proceeding in this direction. Thus the intention to allow the legalization of cryptocurrencies in the country, but also their strict regulation, is evident.

The Malacca project

A prudence that however did not prevent the Malaysian government from joining the project, financed by China, of give life to a city entirely based on distributed registers, which provides for the realization of aspecial platform, called DMI, which will be entrusted with the task of supporting the native token, DMI Coin. It is basically a cryptocurrency that will be used to pay for government services within the city, offered through an exchange so as to allow tourists to exchange fiat money for DMI Coin.