China and Malaysia to ResearchAI for Blockchain Applications in Trade

Blockchain developers from Malaysia will be working with Chinese colleagues to utilize artificial intelligence (AI) in foreign trade. The collaboration, which is part of a China-led international research program, aims category, this regulatory development has prompted Bakkt and other crypto platforms to reassess their token listings.

Bakkt, owned by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), initially launched as a custody service for institutional investors’ to speed up crossborder transactions.

Bitcoin holdings.

Over time, it expanded its services to include an app for retail investors to trade cryptocurrencies. However, Bakkt discontinued its retail offerings in March, stating that it no longer aligned with its B2B2C approach.

Malaysia and China to Conduct AI Research for Trade Applications of Blockchain Technology

Zetrix, Malaysia’s public blockchain platform developer, and the country’s leading research university, Universiti Malaya (UM), will be joining forces with the China Academy of Information and Communications Technology (CAICT) on implementing AI technology that can improve trade transactions.

In a press release, Zetrix said that a project called “Research on Key Issues of Transborder Blockchain Infrastructure and Pilot

Applications” has been selected as part of the intergovernmental collaboration on science, technology and innovation between Malaysia and the People’s Republic.

Initiated by China’s Ministry of Science and Technology, the purpose of the collaboration is to foster research partnerships between the Chinese and other governments. Malaysia is among 14 nations participating in the program.

The joint research will be focused on leveraging AI to streamline and optimize crossborder trade processes.