ACO Tech, in collaboration with Geno and the Malaysia Automotive, Robotics & IoT Institute (MARii), has formalised a Memorandum of Collaboration (MoC) to explore the integration of blockchain solutions into Malaysia’s Electric Vehicle (EV) infrastructure.
The partnership aims to leverage blockchain technology to enhance various aspects of the EV ecosystem, including smart contracts, digital traceability management of the supply chain, tokenomics solutions, and privacy protection technologies. These solutions will complement ACO Tech’s E-Mobility Service Platform (EMSP), which is integral to the Government’s Connected Mobility Vision and aims to accelerate the development of EV infrastructure in Malaysia.
By utilising blockchain technology, the alliance seeks to address challenges such as the scarcity of charging ports and inconsistent charging rates. The decentralized ledger system enabled by blockchain will empower EV manufacturers, service providers, and owners/users to engage more interactively, reduce costs, enhance user experience and confidence, and establish seamless tracking and maintenance records. Additionally, it will facilitate peer-to-peer energy and charger-sharing, ensuring transparency throughout the lifecycle of products and services.
This collaboration aligns with Malaysia’s New Industrial Master Plan (NIMP) 2030 and National Energy Transition Roadmap (NETR) goals to achieve a significant percentage of Electrified Vehicles (EV) by 2030, 2040, and 2050. It also supports the National Automotive Policy (NAP) 2020 by laying a solid foundation for the development of Next Generation Vehicles (NGV), including EVs, and creating a national EV-ready infrastructure through Mobility as a Service (MaaS) and blockchain as a service (BaaS).
Overall, ACO Tech, Geno, and MARii are dedicated to actively exploring viable technologies to realise the national Connected Mobility vision and promote sustainable practices and user-centric innovations in the EV sector.
