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Blockchain regulator to also look into AI, big data and IOT – junior minister
A newly-created watchdog tasked with regulating Malta’s blockchain sector will also be developing frameworks for other disruptive technologies, parliamentary secretary Silvio Schembri has said.
The Malta Digitial Innovation Authority would be delving into “AI [artificial intelligence], IoT [Internet of Things], Quantum technology, and big data,” Dr Schembri said.
The authority was set up to regulate locally-based businesses working with smart contracts and distributed ledger technology, or blockchain. It was established as part of Malta’s push to become a leader in the DLT space.
Dr Schembri was speaking at the signing of a memorandum of understanding with Chinese tech giant Huawei. The MOU is aimed at sustaining academic research while addressing real-world challenges related to public safety, data processing, video analytics and ICT systems.
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