University of Malta announces €300K blockchain fund

The University of Malta and the Malta Information Technology Agency have co-launched a €300,000 fund for blockchain studies in the country.

The funding will be given to students in specialties including ICT, law, finance and engineering who wish to study distributed ledger technology and blockchain in the upcoming academic year, reports CCN.

Silvio Schembri, junior minister for digital economy, said: “These companies need technical resources both to build and to operate by use of this technology, as well as experts in financial services, law, and managerial roles.

“We look forward to see the first Maltese occupying these important and well-paid roles whilst also hoping that these will expand considerably in the future as the industry continues to grow here to Malta.”

The scholarship fund will be split over the three years of study, and will be available for Masters and PhD research students studying related fields.

This is not the first scheme of its kind to be launched in Malta, with the Maltese government previously partnering with F1 team Williams and blockchain company Omnitude to help improve its public transport system.

Chris Painter, CEO and Founder of Omnitude said, “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.”

The University of Malta will also be conducting a review of courses and modules related to emerging and developing tech including cryptocurrencies, AI and more.

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