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The University of Malta launches a blockchain fund of 300 thousand EUR

The University of Malta organizes blockchain fund of about 300 thousand EUR

A new event in education confirmed a leading position of Malta in the industry of cryptocurrencies and blockchain once again.

The University and the Agency of information technologies of Malta have partnered to create a scholarship fund in amount of 300 thousand EUR, that will support students in learning blockchain and distributed registry technologies in the coming academic year. Students, who specialize in fields of computer and information technologies, finance, law and engineering, will have an access to a fund.

A scholarship fund will be divided into three years. Students, who begin studies in the new academic year, will be able to use the scholarship to create master's thesises and doctoral dissertations, devoted to blockchain and distributed registry. Scholarships are available for courses with at least 30 ECTS points (European Credit Transfer and Accumulation System).

Silvio Schembri, Junior Minister for the digital economy, said, that this initiative would help to attract the blockchain companies to Malta, and also prepare the skilled workforce for further work within the country.

He said:

«These companies need not only technical resourses for creating and using technology, but also experts in the field of financial services, law and management. We want these prestigious positions to be taken up by the best citizens of Malta. Moreover, we hope for significant expansion of these companies in a near future, as Malta's industry continues to demonstrate growth».

Alfred Vella, rector of the University, said, that the University would revise the master's programs in finance, law, information and computer technologies and other areas with a purpose to include courses on distributed registry, blockchain, cryptocurrencies, AI, financial and regulatory technologies. Vella also added, that educational programs had to comply with the government's strategy to turn Malta into a kind of blockchain island.

Tony Sultana, Executive Chairman of Malta's Agency of information technologies, said, that their agency took part in all such initiatives of other institutions, as well as organized trainings on familiarity with the technology for public sector employees.

This year's October, Agency will also be the main IT partner of Delta Summit ― a great event, dedicated to the blockchain and digital innovations. At the moment Malta's Department of financial services holds courses for financial institutions to help them follow the Law of virtual financial assets, enacted in 2018.


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