The Malaysia Automotive Robotics and IoT Institute (MARii), Geno Group, and ACO Tech have jointly released a comprehensive White Paper Version 1, exploring the integration of blockchain technology and token-based economic solutions, or tokenomics, within Malaysia’s mobility ecosystem. This initiative represents a significant advancement in applying Web 3 powered Direct-to-Customer (W3-D2C) technology to support sustainable business growth.
The tokenomics approach outlined in White Paper Version 1 is designed to complement MARii and ACO Tech’s e-Mobility Service Platform (eMSP), a critical component of the Government’s Connected Mobility Vision. This vision aims to accelerate the development of electric vehicle (xEV) infrastructure in Malaysia, in line with the National Automotive Policy 2020 (NAP 2020). MARii, Geno Group, and ACO Tech are committed to ensuring this initiative complies with existing legal frameworks and maintains full transparency. They will collaborate closely with regulators to uphold the integrity and legality of real-world asset (RWA) tokenization in the electric mobility system.
The RWA tokenization solutions in White Paper Version 1 emphasize data privacy and sovereignty, enabling data monetization and fostering a sustainable ecosystem to attract long-term strategic investors and business partners. The deployment of blockchain technologies for smart contracts will enhance engagement between brand owners, vendors, and customers. The white paper also details how to secure funding for infrastructure and ensure a return on investment (RoI) through long-term contracts with guaranteed benefits. Customers are incentivized to participate in building the ecosystem, while OEM brand owners can engage directly with their customers in a more cost-effective manner.
“We are pleased to introduce this important White Paper Version 1, showcasing the application of W3-D2C powered by blockchain technology in an industrial setting,” said Azrul Reza Aziz, CEO of MARii. “This initiative marks a significant step for Malaysia’s mobility industry towards greater sustainability and efficiency. It aligns with Malaysia’s New Industrial Master Plan (NIMP) 2030 and the National Energy Transition Roadmap (NETR), aiming to achieve 20% of Electrified Vehicles (xEV) by 2030, 50% by 2040, and 80% by 2050.”
Ian Zhang, CEO of Geno Group, added, “The Geno team is pleased to be part of MARii’s automotive and mobility technology ecosystem, and our collaboration with ACO Tech. Through this initiative, we are committed to helping our customers transform from traditional industries using advanced technologies.”
“This landmark White Paper Version 1 aligns with ACO Tech’s vision for the future of Malaysia’s mobility landscape. We are pleased to be collaborating with MARii and Geno in this exciting journey of transformation for the domestic mobility sectors,” said Li Pu, CEO of ACO Tech.
White Paper Version 1 underscores a strong commitment to technological advancement and regulatory compliance. It outlines several applications using Geno’s blockchain solutions, including supply chain management, recycling for the circular economy, and carbon credit tracking. The integration of W3-D2C-powered technologies is expected to yield significant economic benefits, including job creation, increased investment, and enhanced competitiveness in the global market. Additionally, this initiative aligns with Malaysia’s overarching goals of digital transformation and sustainable development.
Industry stakeholders, investors, and technology enthusiasts are invited to explore White Paper Version 1 and join in pioneering this revolutionary change. The White Paper Version 1 is available for download on the https://www.geno.io/whitepaper.
