Maltese Transport Minister, Ian Borg, has announced a new partnership with British, middleware, blockchain platform, Omnitude. This partnership is part of a strategy with the goal of using blockchain technology in the operations of the Maltese Public Transport Service and develop a transport and logistics platform.
Mr. Borg declared, as reported in a local news outlet, that the partnership between Omnitude and the Malta will develop
“overall improvements in transport reliability.”
Earlier this year the Government approved a blockchain strategy, making Malta one of the first countries in the world to have a national strategy on blockchain technology. Malta sees blockchain technology as the foundation of the next big industrial revolution, offering cost savings and efficiencies. Initially, the Government will work with Omnitude to develop overall improvements in transport reliability.
Today’s announcement means the delivery of further innovation using middleware technology from Omnitude. CEO and founder of Omnitude Chris Painter said that they
“look forward to working with the Maltese Government to explore the capabilities of Omnitude’s broad based blockchain ecosystem: Governments around the world are beginning to see the potential for blockchain to reduce costs and streamline services. Malta has an extremely progressive government and we’re excited about the potential this partnership brings.”
Malta’s Government has previously expressed the goal of becoming the “Blockchain island,” opening the doors for investors. This March, Binance, the world’s third largest crypto exchange by trading volume, according to CoinMarketCap, announced the future inauguration of offices in the region. In April, OKEx, currently the world’s largest crypto exchange by trading volume, also announced their intention of expanding to Malta.
“We believe in Omnitude’s blockchain technology and its broad use-cases for the Government. We can see its potential in a range of government departments and it will form a cornerstone technology platform as part of our commitment to drive forward innovation. It will improve the quality of life and enhance access to information for Maltese citizens. Blockchain technology is a key part of our overall national technology strategy that will see us transform different sectors.”
Said Borg in a statement.
by Samuel Larreal