Deutsche Telekom’s Blockchain Company Collaborates with Malta Enterprise

Maltese government office supporting business advancement, Malta Enterprise, inked a memorandum of understanding with Blockchain-as-a-Service administration company T-Systems, parent firm Deutsche Telekom revealed on October 30. 

Deutsche Telekom rolled out the Blockchain Ecosystem (GBE) toward the end of last month, as revealed by local media. At present, the Maltese office will become T-System’s first partner accessing the GBE, which can purportedly be utilized to monitor a product’s value chain from raw materials to delivery along with different devices that can encourage blockchain development.

The joint effort also incorporates a planned tech accelerator dubbed Malta Innovation Hub that will likewise support advancement on Ethereum, Hyperledger, and R3’s Corda, along with offering help for validator administration for testing projects and audits.

Malta Enterprise CEO Kurt Farugia remarked:

“This collaboration with T-Systems will give a further competitive advantage over other jurisdictions while adding more value to the already established blockchain ecosystem. […] Companies using T-System’s GBE services will have a certification for their project by the Malta Digital Innovation Authority.”

Malta is situating itself as a worldwide blockchain hub, as previously reported.

On the other hand, the island country keeps on drawing in digital currency business, with the Malta Financial Services Authority recently getting requests from 21 digital currency exchanges looking for a license under the Virtual Financial Assets Act.