Syerleena Abdul Rashid (PH-Bukit Bendera) said that blockchain technology had immense potential to revolutionise industries in Malaysia, adding that it enhanced trust, transparency, and security in the digital economy.
“Blockchain offers an immutable and transparent ledger system that can significantly enhance accountability in public transactions.
“From enabling secure financial transactions to improving transparency in halal supply chains, blockchain streamlines processes, reduces fraud, and empowers businesses of all sizes,” she told the Dewan Rakyat when debating the Supply Bill 2025.
Syerleena also said that globally, the blockchain market was projected to reach US$961.6 billion by 2030.
She said countries like Georgia and Estonia had successfully implemented blockchain solutions through partnerships with leading tech firms.
For instance, Georgia collaborated with the Bitfury Group to secure land registry records, reducing fraud in real estate transactions, she said.
Estonia, on the other hand, partnered with Guardtime to protect public data using keyless signature infrastructure, fostering transparency across multiple sectors.
“Are there plans to initiate research or open dialogue on integrating blockchain solutions into our governmental processes to promote transparency and integrity?
“Adopting such technologies is vital to strengthening our democracy and ensuring the trust of the Malaysian people,” she said.
She said the National Blockchain Roadmap 2021-2025 outlined ambitious initiatives, including the establishment of the Malaysia Blockchain Infrastructure and the Blockchain Acceleration Hub.
“Could the ministry provide an update on the progress of these programmes? Furthermore, how is the government collaborating with local and international companies to accelerate blockchain adoption?
“What steps have been taken to develop education and training programmes to equip Malaysians with the necessary skills to actively participate in the blockchain ecosystem, ensuring Malaysia’s competitiveness in this digital era?” she asked.
Deputy science, technology and innovation minister Yusof Apdal took note of her suggestions and said they would be considered.