Blockchain technology can prevent monopolisation among cartels

The tech has a certain key that can avoid cancellation and forgery


BLOCKCHAIN technology is able to prevent cartels from monopolising and manage supply networks better.

According to Science, Technology and Innovation Minister Datuk Seri Dr Adham Baba (picture), it has a certain key where it is responsible for those who are in the blockchain community to avoid cancellation and forgery.

“The blockchain technology we built during the Covid-19 pandemic was developed due to demand which enables the vaccines to be transported from the factory to the patients,” he said in a press conference after the launch of the five technology roadmaps.

To develop local talents in the field of robotics, the Ministry of Science, Technology and Innovation (Mosti) plans to introduce the Robotics Talent Development Academy (RoTDA).

It also aims to develop the provision of training and an accreditation system, especially in relation to collaboration with industries, ministries and agencies in training local talent.

Mosti has launched the five technology roadmaps to apply and develop local technology so Malaysia can be positioned as a technology-developing nation.

This is also one of the government’s initiatives to reduce our dependence on foreign labour and increase productivity.

These roadmaps include the Electricity and Electronics Roadmap: Technology Development 2021- 2030, the National Blockchain Technology Roadmap 2021-2025, the 2021-2025 Artificial Intelligence Roadmap, the National Advanced Materials Technology Roadmap and the National Robotics Roadmap 2021-2030.

Adham also explained that the Space Authority was brought to Parliament in 2021 and was approved on Feb 25 this year.

It is currently in the process of appointing a regulator and these regulations are expected to be implemented by early next year.

“Act 834, related to the Space Authority, we can collaborate with the international level where the responsibility of the launcher is placed on them in the event of an accident,” he said in response to the update of China’s Long March 5B rocket which was detected over Malaysian skies.

The minister also updated that its debris was found in the Sulu Sea where some of it was found in Miri and Bintulu, Sarawak, through the tracking conducted by the Malaysian Space Agency (MYSA).

“So, this debris has already been taken and is being analysed by the Department of Chemistry with the full assistance of the MYSA as well as the Royal Malaysia Police, and the Fire and Rescue Department of Malaysia’s Hazmat team.

“We are serious if this object matches the Long March 5B launched by China and we will inform the analysis by the end of this week,” Adham added.

As for now, no radioactive material has been found in the object.