ACO Tech taps blockchain tech to improve EV services

Present at the recent signing of the memorandum of collaboration are (from left) Li Pu, Azrul and Zhang.

CYBERJAYA: Smart mobility provider ACO Tech is set to work with Geno and the Malaysia Automotive, Robotics & IoT Institute (MARii) to explore using blockchain for Malaysia's electric vehicle (EV) infrastructure.

This partnership aims to improve EV services by making them secure and transparent.

By using blockchain, they hope to solve issues like scarce charging spots and inconsistent rates, making it easier for EV owners to charge their vehicles. The blockchain system would be derived from British blockchain service provider Geno.

This collaboration supports the government's plan to have more electric vehicles on the road by 2050.

It's the first time blockchain technology will be used on this scale in Malaysia's automotive industry. The goal is to create a solid foundation for the future of electric vehicles in the country.

Formed in 2019 as a joint venture between Proton, ECARX, and Altel Communications, ACO Tech positions itself as a leading smart mobility provider in South-East Asia.

Present at the Feb 9 signing of the memorandum of collaboration between the three organisations were ACO Tech chief executive officer (CEO) Li Pu, MARii CEO Azrul Reza Aziz and Geno CEO Zhang Yi Ian.
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