MyDigital ID Denies Blockchain Claim: 83% Digital Reach

Quick Answer: My Digital ID Sdn Bhd said on Tuesday that the MyDigital ID platform is not powered by any third-party blockchain technology, correcting a recent media article. The platform has registered 83% of Malaysia’s digitally active population, and the company says it does not store any personal data. The statement names no Bursa-listed company or stock code, so the announcement cannot be tied to a listed share.

Is MyDigital ID Powered by Third-Party Blockchain?

MyDigital ID says not powered by third-party blockchain technology — My Digital ID Sdn Bhd’s statement on MyDigital ID’s technology

No, according to My Digital ID Sdn Bhd. The company said its digital identity platform is not powered by any third-party blockchain technology, as a recently published media article had suggested.

Who Owns and Oversees My Digital ID Sdn Bhd?

The company is owned by the Minister of Finance Incorporated (MOF Inc) and placed under the Prime Minister’s Department. Oversight comes from the National Security Council, with monitoring by the National Cyber Security Agency.

How Many Malaysians Use MyDigital ID?

83% of Malaysia’s digitally active population registered
Over 14 million Malaysians connected
More than 1,000 services across 204 applications

MyDigital ID serves as a single sign-on solution for digital services. It is designed to strengthen and simplify online identity verification without replacing MyKad.

Does MyDigital ID Store Personal Data?

No, the company says MyDigital ID does not store any personal data. It also does not replace MyKad for identification purposes.

Where Can You Download the MyDigital ID App?

The app is available on the Google Play Store, Apple App Store and Huawei AppGallery. The statement gives no revenue or earnings figures for the platform.

Is There a Bursa Stock Linked to MyDigital ID?

The statement names no Bursa-listed company and gives no stock code. Investors looking for listed exposure to digital identity can use an AI Stock Analysis for Malaysians tool to screen names, but this announcement alone does not point to one.

Key Takeaways

MyDigital ID is not powered by any third-party blockchain technology, according to My Digital ID Sdn Bhd.
The company is owned by MOF Inc and placed under the Prime Minister’s Department.
83% of Malaysia’s digitally active population is registered.
The platform does not store personal data or replace MyKad.
No Bursa-listed company or stock code is named in the statement.

Frequently Asked Questions

Is MyDigital ID powered by blockchain technology?

My Digital ID Sdn Bhd said the platform is not powered by any third-party blockchain technology. The statement, issued on Tuesday, corrected a recent media article.

Who owns My Digital ID Sdn Bhd?

The company is owned by the Minister of Finance Incorporated (MOF Inc). It is placed under the Prime Minister’s Department, with oversight by the National Security Council.

Does MyDigital ID store personal data?

No, according to the company, MyDigital ID does not store any personal data. It also does not replace MyKad for identification purposes.

Which Bursa Malaysia stock is linked to MyDigital ID?

The statement names no Bursa-listed company or stock code. No listed share can be tied to this announcement based on the source.

Disclaimer: This article is for information only and is not investment advice. Do your own research and consult a licensed adviser before making any investment decision.

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