Blockchain has been gaining traction in Malta
Joshua Broggi a researcher from Oxford, wants to open one of the first Blockchain Universities in Malta. The researcher says he is waiting on a few accreditations so he could get the project started.
On the 28th of June, the Blockchain Expo 2018 in Amsterdam featured multiple start-ups in the space, moving the Blockchain into an industry. A few companies from Malta caught our attention, because of the interest from Malta on the blockchain technology. Even though the country seems to have a lot of regulations focused on the Blockchain, the country is still very focused on bringing opportunities of the Blockchain to its citizens.
This has made Malta a well-known island for Blockchain and Cryptocurrencies, and the government has also been very supportive of various cryptocurrencies. Which made the exchange Binance very much in favour of settling its operations there. Broggi is ready to open one of the first Blockchain Universities in Malta, according to information released by the local news outlet Lovin Malta on August 27th.
Mr. Broggi hinted that, “Malta provides an educational framework based in the British tradition – and after Brexit, Malta will remain both an EU member state and a commonwealth member. We have had productive meetings with [Education Minister] Evarist Bartolo and the National Commission for further and higher education (NCFHE).”
There has been information that the Woolf University will be running entirely on Blockchain Technology. The university will be using the blockchain as a data base in order to store and secure administrative procedures through automation. The courses will be able available on and offline, this will provide students with a personalised tutorial making it a unique experience for everyone. The University also plans on paying teachers in Blockchain tokens together with micro-credits.
Universities are ready for Blockchain technology
In a conversation with Forbes, Broggi mentioned that: “We will be suing a blockchain to create efficiencies by managing custodianship of student tuition, enforcing regulatory compliance for accreditation, and automation a number of processes. Our blockchain-enforced accreditation processes are such that teachers and students from outside the EU can join our platform and earn a full EU degree – a non-EU student with a non-EU teacher in a non-EU language”.
The University has managed to attract several very qualified professors and lectures. Most of them are from Oxford University, a few from Cambridge University, George Mason University and King’s college London, a long with many more around the world.
The University is planning on implementing more regulatory partnerships, as Malta is one of the countries with the most focus on blockchain regualtions. The Malta government has also issued a pilot project to launch the education ministry. There may also be an ICO planned in order to push investment, however, this has been put on hold for now, because Woolf has gathered enough private investments.
What is your option on the regulations, and developments in Malta? Feel free to leave a comment below
