ReGov & APU Sign An Agreement For Web3 Talent Development

The MoU will empower ReGov and APU to pilot Malaysia's first Web3-based identity management platform, which will be integrated into the FinTech Academy at APU's Financial Trading Center (FTC) to nurture Web3 global talents in Malaysia.

From left: APU Senior Lecturer Ms Ng Hui Chen, APU Senior Lecturer Ms Meera Eeswaran, APU Chief Innovation & Enterprise Officer Prof. Ir. Eur. Ing. Ts. Dr. Vinesh Thiruchelvam, APU Vice Chancellor Prof. Dr. Ho Chin Kuan, ReGov Technologies Deputy CEO Jasmine Ng K.C., ReGov Technologies Product Manager Julian Seow and ReGov Technologies Deputy CTO Paul Agada.
ReGov Technologies Sdn. Bhd. (ReGov) has signed a memorandum of understanding (MoU) with the Asia Pacific University of Technology & Innovation (APU) to develop Web3 talent in Malaysia through APU’s FinTech Academy at the newly established Financial Trading Center (FTC).   
This agreement is based on the common goal of producing competent Web3 talent, and as part of this MoU, the first-of-its-kind APU-myBID Web3 Innovation Lab (WIL) will be established exclusively for specialised Web3 training to boost students’ skills through experiential learning. 
ReGov is a Malaysian Fintech company specialising in enterprise, blockchain, identity management/electronic know your customer (e-KYC) and conversational artificial intelligence (AI). Through its subsidiary RGX Capital Sdn. Bhd., it owns My Blockchain ID (myBID), a Web3-based identity management platform.
“As we witness this once-in-a-generation leap from Web2 to Web3 and the exceptional potential of blockchain technology; Web3 developers are in high demand, but only 1% of programmers have the necessary skills,” said Datuk Paul Khoo, Co-Founder and Managing Director of ReGov.
He explains further that this agreement and collaboration with the Premier Digital Tech Institution is the right decision because it will help APU students gain the necessary skills, real-world experience, and specialised training to close the technology gap.

This agreement was signed at the APU campus in MRANTI Park, Kuala Lumpur, by ReGov Technologies Deputy CEO Jasmine Ng K.C and APU Vice Chancellor Prof. Dr. Ho Chin Kuan, and witnessed by ReGov Technologies Deputy CTO Paul Agada and APU Chief Innovation & Enterprise Officer Prof. Ir. Eur. Ing. Ts. Dr. Vinesh Thiruchelvam.
“By 2023, the blockchain technology sector is expected to be worth more than USD$6 trillion. The impressive valuation of this nascent sector demonstrates Web3’s enormous potential to completely transform society, underpinned by a mission to give consumers the final say in how large corporations interact with their data.
“This is why ReGov is proud and excited to be working with APU, an esteemed institution that shares our vision of reaching the Web3 world; however, we will never realise those dreams unless we get more developers to build that future for us,” he said.
APU has always been at the forefront of producing tech talent for the workforce through tech education, which is backed up by its resilience in bracing emerging technologies with a strategic think-ahead mindset.   
“ReGov has recognised the vital role that Fintech companies can play in advancing the learning system for the next generation of blockchain developers.
“We are currently preparing to be one of Malaysia’s first movers in responding to the global need for Web3 talent, as well as the country’s first private university to offer courses on decentralisation, blockchain technologies, and other relevant subjects, with the ultimate goal of becoming a regional hub for Web3 training centres in Malaysia and Southeast Asia,” said Prof. Ir. Eur. Ing. Ts. Dr. Vinesh Thiruchelvam, APU Chief Innovation & Enterprise Officer.

From left, Prof. Ir. Eur. Ing. Ts. Dr. Vinesh Thiruchelvam, Prof. Dr. Ho Chin Kuan, Jasmine Ng K.C, Julian Seow and Paul Agada during the signing ceremony.
“We believe that this strategic partnership with ReGov will help us build a strong techeducation and blockchain programme that will serve as the foundation for the future development of a sustainable Web3 ecosystem.”
APU-myBID Web3 Innovation Lab (WIL) is open to APU students from all schools and will be managed by APU with support from ReGov Technologies, which has previously run blockchain training programmes and provided blockchain consulting services to a Fortune 50 client.
The focus will be on blockchain programming languages, specifically Transaction Execution Approval Language (TEAL) for Algorand and Solana’s execution environment, which is based on eBPF and allows the Rust, C, and C++ programming languages to be trained on and used by any student.
After completing their training and practical assessments, students will be given the opportunity to work on myBID use cases under the supervision of ReGov Technologies experts. They can select from a wide range of use cases based on their interests, giving them the opportunity to gain real-world Web3 knowledge.
Students who complete the programme will receive a joint certification from APU and ReGov Technologies and also be able to enter the workforce with a healthy blend of hard skills and professional experience, increasing their employability in the Web3 industry.