Waves opens discussions with Maltese government for blockchain use cases

The team of blockchain platform Waves announced today that they have met with Hon. Dr. Joseph Muscat, Prime Minister of Malta, and representatives of the Maltese government, to discuss potential scenarios for the use of the Waves platform in the state’s government and corporate sectors.

Sasha Ivanov, Founder, and CEO of the Waves platform and Vostok, attended a meeting with government representatives and other interested parties on the island to discuss technological cooperation in the fields of healthcare, land registry, voting, and others, as well as proposals to use Waves as a platform for tokenized financial instruments.

The meeting was attended by Dr. Joseph Muscat, Prime Minister of Malta, Hon. Silvio Schembri, Junior Minister for Financial Services, Digital Economy and Innovation, and Sasha Ivanov. Separate meetings were held with Stephen McCarthy, CEO of Malta Digital Innovation Authority, as well as representatives of Malta Financial Services Authority.

These first steps were encouraging and discussions will continue says Waves. The most positive outcome of the process would ultimately be accreditation of the Waves platform to work within the territory of the state.

“We are interested in this accreditation and are ready to start working with Malta’s legal experts to bring our ready-to-use blockchain solutions here: Waves for the financial sector and Vostok for the government and corporate sectors,” said Sasha Ivanov, Waves Founder, and CEO.

Earlier, Malta’s Prime Minister, Joseph Muscat, commented on this topic: “Over the last months, the Maltese government has actively solved how to position Malta as a major hub in terms of the digital economy, which will play a central role in the economic sustainability of the years to come. The Maltese government has legislated three acts that will provide legal certainty to this space, involving DLT and digital financial products and services such as virtual currencies and ICOs.”

Junior Minister for Financial Services, Digital Economy and Innovation Silvio Schembri stated that “Malta is going through exciting times with world-renowned names associating themselves with Malta’. Schembri also said that he is ‘looking forward to even further cooperation with the Waves Platform in the coming weeks.”