According to a local Maltese news outlet, the Transport Minister of Malta announced that it was partnering with a UK blockchain startup for the improvement of the Maltese public transportation service.
Malta continues on working towards its goal of becoming a “blockchain island.” In March of this year, the world’s second largest cryptocurrency exchange by trading volume, Binance, had revealed its plans of opening an office in the island country. April saw OKEx also reveal its plans of expanding to Malta. Many other blockchain and FinTech companies have since relocated to the country as it offers a very supportive environment in which the businesses can thrive.
Transport Minister of Malta Ian Borg explained that the partnership aims to create a transport and logistics blockchain platform to “develop overall improvements in transport reliability.”
Omnitude Founder and CEO Christ Painter said that they were looking forward to the partnership:
“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.”