Deutsche Telekom’s Blockchain Firm Partners With Malta Gov’t Agency

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Maltese government agency supporting business development, Malta Enterprise, signed a memorandum of understanding with Blockchain-as-a-Service service firm T-Systems, parent company Deutsche Telekom announced on Oct 30.

Deutsche Telekom launched the Blockchain Ecosystem (GBE) at the end of last month, as reported by Cointelegraph Germany. Now, the Maltese agency will become T-System’s first partner gaining access to the GBE, which can reportedly be used to track a product’s value chain from raw materials to delivery alongside other tools that can facilitate blockchain development.

Malta Digital Innovation Authority to certify T-System’s GBE companies

The collaboration also includes a planned tech accelerator called Malta Innovation Hub that will also support development on Ethereum, Hyperledger and R3’s Corda, as well as provide support for validator service for testing projects and audits.

Malta Enterprise CEO Kurt Farugia commented:

“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 positioning itself as a global blockchain hub, as Cointelegraph illustrated in a special documentary

Meanwhile, the island nation continues to attract cryptocurrency business, with the Malta Financial Services Authority recently receiving requests from 21 cryptocurrency exchanges seeking a license under the Virtual Financial Assets Act.