#MYEG Signs Cooperation Agreement with East Logistic-Link to Provide Cross-Border Trade Facilitation Services on Zetrix Blockchain Platform

It is reported that MY E.G. Services Berhad (“MYEG”) has signed a cooperation agreement with East Logistic-Link Co. Ltd., a wholly-owned institution of the General Administration of Customs of the People’s Republic of China (“GACC”), to jointly provide comprehensive cross-border trade facilitation services on the Zetrix blockchain platform. MYEG will provide this series of digital services through its blockchain platform, Zetrix, to achieve interconnection with domestic blockchain platforms.

MYEG signs an agreement with Chinese customs authorities to achieve cross-border trade connectivity on the Zetrix blockchain platform

In today’s digital age, the need for seamless cross-border trade facilitation services is more important than ever. MY E.G. Services Berhad (“MYEG”) has stepped up to the challenge and signed a cooperation agreement with East Logistic-Link Co. Ltd. to provide comprehensive cross-border trade facilitation services using the Zetrix blockchain platform.
##Outline
I. Introduction
– Explanation of cross-border trade facilitation services
– Importance of such services in the current digital age
– Brief introduction of MY E.G. Services Berhad (“MYEG”) and East Logistic-Link Co. Ltd.
II. The Cooperation Agreement
– Details of the cooperation agreement signed between MYEG and East Logistic-Link Co. Ltd.
– The involvement of the General Administration of Customs of the People’s Republic of China (“GACC”)
– Use of the Zetrix blockchain platform to provide digital services
– Explanation of interconnection with domestic blockchain platforms
III. Advantages of Cross-Border Trade Facilitation Services on Zetrix Blockchain Platform
– Reduced processing time
– Enhanced transparency and security
– Cost reduction
– Other benefits
IV. Conclusion
– Recap of the cooperation agreement between MYEG and East Logistic-Link Co. Ltd.
– Summary of the benefits of cross-border trade facilitation services on the Zetrix blockchain platform
##The Article
In today’s ever-evolving digital landscape, the need for seamless cross-border trade facilitation services is becoming increasingly important. MY E.G. Services Berhad (“MYEG”) has risen to the challenge and signed a cooperation agreement with East Logistic-Link Co. Ltd. to provide comprehensive cross-border trade facilitation services using the Zetrix blockchain platform.
The cooperation agreement was signed between MYEG and East Logistic-Link Co. Ltd. with the involvement of the General Administration of Customs of the People’s Republic of China (“GACC”). MYEG will provide this series of digital services through the Zetrix blockchain platform, enabling interconnection with domestic blockchain platforms.
The advantages of cross-border trade facilitation services on the Zetrix blockchain platform are numerous. One key benefit is reduced processing time. With the use of the Zetrix blockchain platform, transactions and documentation processing can be completed near-instantaneously, greatly reducing transactional processing times.
Another advantage is enhanced transparency and security. Transactions can be easily tracked and traced using the Zetrix blockchain platform, thereby mitigating the risk of fraud and ensuring the utmost security for all parties involved.
Cost reduction is yet another benefit of using cross-border trade facilitation services on the Zetrix blockchain platform. With faster transaction processing times and enhanced transparency, the need for intermediaries is reduced, resulting in cost reductions across the supply chain.
In addition to these benefits, there are several other advantages of utilizing cross-border trade facilitation services on the Zetrix blockchain platform. The Zetrix blockchain platform ensures greater flexibility, scalability, and interoperability, thereby increasing efficiency and effectiveness in the supply chain.
In conclusion, the cooperation agreement between MY E.G. Services Berhad (“MYEG”) and East Logistic-Link Co. Ltd. is an exciting development in the realm of cross-border trade facilitation services. The utilization of the Zetrix blockchain platform is set to bring about significant benefits, including reduced processing times, enhanced transparency and security, and cost reduction, amongst others.
##FAQs
Q: What is MY E.G. Services Berhad?
A: MY E.G. Services Berhad (“MYEG”) is a technology company that provides electronic government solutions and services in Malaysia.
Q: What is East Logistic-Link Co. Ltd.?
A: East Logistic-Link Co. Ltd. is a wholly-owned institution of the General Administration of Customs of the People’s Republic of China (“GACC”) that specializes in logistics and trade facilitation services.
Q: How does the Zetrix blockchain platform work?
A: The Zetrix blockchain platform uses distributed ledger technology to enable secure and transparent transactions, with fast processing times, thereby allowing for seamless cross-border trade facilitation services.
##Keywords
MY E.G. Services Berhad, East Logistic-Link Co. Ltd., cross-border trade facilitation services, Zetrix blockchain platform, digital services, General Administration of Customs of People’s Republic of China, GACC, processing time, transparency, security, cost reduction, supply chain, efficiency, effectiveness.