Blockchain-friendly Malta is never slow to come forward with new crypto innovations and is now launching further into the education sector to prepare for the future with 19 students recently being awarded DLT grants.

Dubbed “Blockchain Island” by both the prime minister Joseph Muscat and Silvio Schembri, the Parliamentary Secretary for Financial Services, Digital Economy and Innovation, the DLT Scholarship Grants to University of Malta students show the intent to keep blockchain expertise on the island and not lose innovation to overseas employers.

Both Schembri and University of Malta rector Alfred Vella are working in tandem to ensure the island nation continues on its current path to make Malta the place for blockchain companies to call home, with local expertise supporting the industry on the island. Schembri commented on the latest move:

“These 19 awardees are a symbol of courage to embrace change and we definitely need more like them. I thank the and MITA’s future-looking mind-set and for their commitment in preparing future generations for the necessities of future industries, as well as the building blocks of Malta The Blockchain Island require everyone’s involvement, from the ground up.”

The Parliamentary Secretary went on to point out that the rate of change in the areas of ICT engineering and legal work needed blockchain to keep pace with technology, as it takes more of a central role across all of the professions.

The scholarships were given the green light back in 2018 which paved the way for a grant of EUR 300,000 (USD 330,000) which will allow for a three-year period enabling students to continue studies in blockchain and distributed ledger technology at both masters and doctorate levels.

The successful students will read for a Master’s degree in Blockchain, DLT as well as Law and DLT, Finance and Business, and ICT and DLT.

 

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