What role does Zetrix and Xinghuo blockchain play in this system?

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Zetrix and Xinghuo Blockchain Serve as Foundational Technology for Digital Document Verification and Cross-Border Trade

The Zetrix and Xinghuo blockchain platforms are integral to the MyEG and Beitou IT Innovation collaboration, providing the underlying technology for the issuance and verification of qualification documents, including cross-border digital identities. This technological framework is identified as a fundamental component and driver for the digitization of cross-border trade, online commerce, and the development of decentralised applications. The newly launched Z-Cert: Cross-Border Digital Verified Qualification Document System operates on this specific blockchain infrastructure.
Facilitating Digital Document Issuance and Verification

The collaboration leverages the Zetrix and Xinghuo blockchain to enable the secure issuance and verification of various qualification documents. This includes the critical function of managing cross-border digital identities, ensuring authenticity and reliability in digital transactions. For instance, the technology is already capable of verifying driving licences from China, with expectations for its expansion to more security documents to foster bilateral collaboration.
Driving the Digitization of Cross-Border Trade and Commerce

This blockchain technology is positioned as a core driver for advancing the digitization of international trade and online commerce. By providing a secure and verifiable system for digital documents, it aims to streamline cross-border transactions and enhance trust in digital services. This aligns with national strategies to propel future economic growth through digital innovation and core service provision.
Enhancing Security and Preventing Falsification of Documents

A key advantage highlighted is the system's ability to issue digital documents on the blockchain, rendering them tamper-proof and resistant to falsification. This ensures that the verification of these documents can be conducted with a high degree of certainty, thereby increasing confidence in digital credentials. The Ministry of Transport's proposal to digitalise existing licences is seen as a potential area where this secure blockchain system could be implemented.

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What role does Zetrix and Xinghuo blockchain play in this system?

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