Waves And Malta’s Government Initiate Talks To Consider Blockchain Applications


Waves Initiates Talks with Malta Government to Consider Blockchain Applications

Waves have revealed today that their team is in talks with top Maltese government officials to consider potential applications for their blockchain services. The team had met with the nation’s Prime Minister, Honorable Dr. Joseph Muscat, with whom they talked about using the Waves system within the government and also in the business sectors.

The Waves and Vostok CEO and founder, Sasha Ivanov, attended the meeting that also included several government officials and various other interested third parties to contemplate technological cooperation within multiple fields, spanning land registry, healthcare, voting among others. The meeting also discussed proposals regarding the utilization of Waves for tokenized virtual financial instruments.

Besides the Maltese Prime Minister, Dr. Muscat, the meeting also included other noteworthy participants like Junior Financial Services Minister, Silvio Schemri and even other officials from the state’s FSA. There were also a couple of separate meetings held between Sasha Ivanov and the Digital Innovation Authority’s CEO, Stephen McCarthy.

Encouraging First Steps

Waves have stated that these initial meetings have been very fruitful. The best outcome at the end of this process would be getting accreditation for their Waves system to start operating within the country. Sasha Ivanov commented that they are very keen on getting that accreditation and that they are available to begin collaborating with Maltese legal experts towards finding ways of bringing their blockchain services to the territory. The plan is to get Waves accredited for the nation’s financial sector while Vostok would be used in the corporate and government sectors.

Dr. Muscat, the Prime Minister, had previously commented on the meetings where he said that his government was actively looking for ways of positioning the nation as a huge hub of the virtual economy. He added that developing that hub will be critical in ensuring the nation’s future economic sustainability. Already, the Malta government has approved three laws that will offer some semblance of legal certainty into the virtual space, including digital financial services like ICOs and virtual currencies.

Silvio Schembri, a Financial Services Junio Minster, remarked that the country was going through an invigorating duration in its history, as world-renowned companies were eager to associate themselves with the nation. He said that is keen to continue the talks with the team from Waves within the next few weeks.

Conclusion

Sasha Ivanov and the whole team at Waves believes that further talks and eventual accreditation could signify a huge step towards adoption and normalization of blockchain technology at both the government level and also by individual industries and businesses. These discussions in Malta come after Waves announced strategic partnerships with Astana’s IFCA during the global economic forum held recently in Davos.

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