‘Blockchain Island’: Waves Platform Opens Discussions with Maltese Prime Minister

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by Darya Rudz · 4 min read
‘Blockchain Island’: Waves Platform Opens Discussions with Maltese Prime Minister
Photo: LSydney / Flickr

The team of Waves Platform, a decentralized blockchain platform focusing on custom blockchain tokens operations, started discussion with the Maltese government for blockchain use cases.

The world can be divided into two parts: some countries have a positive attitude towards blockchain, while others do not. Among the first ones is Malta which has already gained a reputation of ‘Blockchain Island’. The country is actively encouraging crypto firms and takes part in the European Blockchain Partnership. Its Founders Bank became the first community-owned decentralized blockchain-friendly banking institution in the world’s history. Some crypto firms, including such exchanges as Binance and OKEx, moved their offices there. Moreover, Binance is planning to launch a crypto exchange in cooperation with the Malta Stock Exchange.

Malta’s reputation of a crypto-friendly country is continuing to gain impressive traction. The team from Waves Platform, a decentralized blockchain platform focusing on custom blockchain tokens operations, met with Joseph Muscat, Prime Minister of Malta, and representatives of the Maltese government, to discuss how Waves platform can be used in the state’s government and corporate sectors.

The meeting was attended by Joseph Muscat, Prime Minister of Malta, Silvio Schembri, junior minister for financial services, digital economy and innovation, and Sasha Ivanov, founder and CEO of the Waves platform and Vostok. Separate meetings were held with Stephen McCarthy, CEO of Malta Digital Innovation Authority, as well as representatives of Malta Financial Services Authority. The issues discussed included technological cooperation in the fields of healthcare, land registry, voting, and others, as well as proposals to use Waves as a platform for tokenised financial instruments.

The discussions will be continued. The best outcome of the process would ultimately be accreditation for the company to work in the state. Sasha Ivanov, Waves founder and CEO, said:

“We are interested in this accreditation and are ready to start working with Malta’s legal experts to bring our ready-to-use blockchain solutions here: Waves for the financial sector and Vostok for the government and corporate sectors.”

Schembri has also said that he is “looking forward for even further cooperation with the Waves Platform in the coming weeks.” He added:

“Malta is going through exciting times with world renowned names associating themselves with Malta.”

Earlier, Joseph Muscat also commented on the authority’s view on blockchain:

“Over the last months, the Maltese government has actively solved how to position Malta as a major hub in terms of the digital economy, which will play a central role in the economic sustainability of the years to come. The Maltese government has legislated three acts that will provide legal certainty to this space, involving DLT and digital financial products and services such as virtual currencies and ICOs.”

Waves Platform is a global public blockchain platform, founded in 2016. Waves Platform’s mission is to reinvent the DNA of entrepreneurship around the world by providing a shared infrastructure, offering easy-to-use, highly functional tools to make blockchain available to every person or organisation that can benefit from it. In 2017, Waves successfully launched its DEX (decentralised exchange), a fast and safe tool for trading the most popular cryptocurrencies, and activated its Waves-NG protocol which enables unprecedented throughput of more than 100 txs/second, whilst reducing transaction confirmation times to just seconds.

Recently, Waves announced its partnership with Ledger, which would bring Waves users a new level of security for every transaction they make. The platform has also announced the start of a Smart Contract activating process which made traders turn bullish on its native token.

Smart Accounts will provide the most popular and in-demand features for the crypto community, and will apply to various token operations. The features to be deployed include multi-signature wallets, atomic swaps, token freezing, and others. The Waves team will continue investigating possible scenarios for Smart Account usage, and the next step is implementation of Turing-complete smart contracts that will bring a far wider range of features to the Waves ecosystem.

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Darya Rudz
Author Darya Rudz

Darya is a crypto enthusiast who strongly believes in the future of blockchain. Being a hospitality professional, she is interested in finding the ways blockchain can change different industries and bring our life to a different level.

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