True to its newfound name “Blockchain Island,” the government is opening its doors to blockchain and other emerging technologies.
Blockchain and decentralized technologies allow (any-type of) transactions between people to take place without interference or control by third parties. Also, blockchain promises for better data security and to reduce transaction costs.
The Government of Malta believes the island can become a hub for cryptocurrencies like Bitcoin — the most well-known application of blockchain– but it also believes blockchain can help transform the country’s transportation and education systems.
On July 4, the Maltese parliament passed three bills to set a regulatory framework and drive innovation in blockchain-like technologies. The government hopes these laws will attract foreign financial tech companies to establish themselves in the country.
This move demonstrates Malta’s trailblazing approach to blockchain and emerging technologies.
The difference with Malta lies in its approach. Although other countries are focusing on cryptocurrencies, Malta focuses on blockchain technology itself and its wider application.
“Blockchain technology is a key part of our overall national technology strategy that will see us transform different sectors across government,” said the Maltese minister for transportation.
As such, following the ground-breaking event in 2018, where more than
8,500 attendees came to meet blockchain trailblazers and luminary VIP guests, Malta, A.I., and Blockchain Summit will be hosting two massive shows in 2019 attracting leading minds in Artificial Intelligence (AI) and Blockchain.
This year, the organizers are moving beyond the hype by discussing not only Blockchain but also AI, Quantum Tech, Big Data, and IoT this year.
The Malta Blockchain & A.I. Summit is expected to bring 5000 delegates, 700 investors, 300 exhibitors, and 100 startups to convene for a stellar show at the Hilton in St Julian’s, Malta.
The speaker line-up includes some of the most prominent names in the AI and Blockchain space, including Tim Draper; Roger Ver; Ben Parr, Co-Founder of Octane AI and world-famous author of Captivology; Patrick Chang, Director at Samsung NEXT; Tone Vays, renowned Bitcoin/Blockchain Researcher with more than 80,000 YouTube subscribers; Brock Pierce, Chairman of the Bitcoin Foundation; Alexander Borodich, Founder ofUniversa; Eric Van Der Kleij, CEO at Centre for Digital Revolution, and many more.
To support startups within the sector, the AIBC has invited 100 startups to claim a booth on the expo free of charge, giving them access to 700 attending investors.
2018 Recap: https://youtu.be/T6-4L6bR0sY