Malaysia Launches Visa Project to Attract Blockchain Talents
The Malaysia Digital Economy Corporation (MDEC), has joined forces with the NEM Foundation and Jobbatical, an Estonian cross-border job marketplace to organize a new work visa programme for tech and distributed ledger technology (DLT) talents, in a bid to enrich the nation’s technology sector, according to a report by The Star Online on June 18, 2019.
Malaysia Attracts DLT Experts
In a bid to meet the growing demand for blockchain technology talents within its shores, the Malaysia Digital Economy Corporation, a government-owned institution focused on managing the region’s digital and multimedia industry, has launched a work visa program for DLT freelancers to work in the country for up to 12 months.
Notably, MDEC is not embarking on the program alone. The agency is collaborating with the NEM Foundation, the Singapore-based non-profit organization in charge of the NEM (XEM) blockchain project, and Jobbatical, a startup that connects tech professionals with firms in need of their services across the globe.
Reportedly, the MDEC growth ecosystem vice president, Norhizam Abdul Kadir has hinted that proposals have already been sent to the country’s Immigration Department and the Home Ministry, to make the Digital Freelancer Programme as frictionless as possible.
Making it Work
According to Norhizaim, the new program will take advantage of the existing Professional Visit Pass, which enables foreign workers with the relevant professional qualification or skills to migrate to Malaysia and work as expatriates for up to 12 months or undergo practical training with a local company on behalf of an overseas firm.
Accordingly, the NEM Foundation will be responsible for specifying the type of talents needed while Jobbatical would scout for them via its platform. After that stage, the Immigration would step in to approve the selected talents and provide them with the necessary documents
Though the country may be interested in attracting talents proficient in new technologies such as artificial intelligence (AI) and the internet of things (IoT), the MDEC official has hinted that the programme will initially kick off with only blockchain experts.
“We will be starting the programme with Blockchain jobs. The number of Visas to be issued depends on the projects that will be run by DLT companies in Malaysia, “ concluded Norhizam.
In related news, earlier in May 2019, BTCManager informed that the Malaysian Stock Exchange had announced plans to develop a blockchain-based securities borrowing and lending (SBL) solution to foster transparency and efficiency in the Malaysian SBL ecosystem.