Zetrix

Overview

Zetrix is a layer-1 public blockchain platform developed by MY E.G. Services Berhad (MYEG), a Malaysian digital services provider. The platform aims to facilitate international trade, government services, and cross-border transactions through blockchain technology.

Purpose and Utility

The primary purpose of Zetrix is to serve as a blockchain infrastructure for real-world applications, particularly in government services and international trade. It operates as a public chain parallel to China's Xinghuo BIF platform, enabling cross-border smart contract execution and trade documentation.

Business Model and Development

Zetrix's business model focuses on providing blockchain solutions for verifiable credentials, supply chain management, and cross-border trade facilitation. The platform has demonstrated real-world utility through partnerships with government entities and businesses, particularly in Malaysia and China.

Platform Activity and Adoption

The platform shows active development and real-world implementation, with notable partnerships including:

1. Integration with China's national blockchain infrastructure
2. Collaboration with Malaysian government services
3. Implementation in cross-border trade documentation
4. Development of decentralized identifier (DID) solutions

Token Distribution and Governance

The ZETRIX token serves as the native currency of the network, used for transaction fees and network operations. While detailed token distribution information is limited, the project demonstrates transparent development and real-world implementation goals.