Zetrix
Crypto Overview
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:
- Integration with China's national blockchain infrastructure
- Collaboration with Malaysian government services
- Implementation in cross-border trade documentation
- 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.
Crypto Impact
To assign a comfort level investing in Zetrix from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Zetrix.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.