Malta continues in its upward trajectory when it comes to development in the Cryptocurrency and Blockchain sphere, with the latest development being in the education sector.
Opportunity For A Full Scholarship
An agreement has been signed to make available a fund with a total of EUR300,000 that will be made accessible to all students pursuing an education in the Blockchain and distributed ledger technology for the next academic year. The scholarship fund agreement made by Malta Information Technology Agency (MITA) and University of Malta, will be covering students pursuing a specialty in ICT, engineering, law and finance and will be divided to cover three academic years.
The scholarship fund will be able to greatly benefit all students who will be starting the next academic year for their distribution ledger technology and Blockchain based research dissertations for Masters and Ph.D. The scholarships will be accessible to those students who have a minimum of 30 ECTS credits in their distributed ledger technology-related courses and those fulfilling the set requirement will qualify for a full scholarship.
Review Of Degree And Masters Courses
The Junior Minister for the digital economy, Silvio Schembri, said that they were aiming at attracting more Blockchain based companies to Malta with the scholarship fund with the current efforts working towards ensuring the relevant human resource is available locally.
He added that with the Blockchain based companies, they require technical resources in order to not only build but also operate, resources that also include financial services, law, and managerial experts. He said that as a nation they are looking forward to seeing the first Maltese be in such important and well-paying positions and are hoping that these sectors would continually grow in the near future in Malta.
In his statement, he also officially announced the launch of the €300, 000 scholarship funds agreement for Blockchain and distributed ledger technology between the University of Malta and MITA.
Alfred Vella, the University of Malta’s rector, has said that the university will be conducting an internal exercise geared towards reviewing law, finance and ICT and any other degree and masters’ courses to ensure they are inclusive when it comes to units related to the Blockchain, distributed ledger technology, artificial technology, CSSryptocurrency, regulatory technology and financial technology.
A Similar Initiative For Other Education Institutions
A University of Malta spokesperson has said that the university is hopeful that the results of the internal review would enable it to forge a way forward for the sector. Prof. Vella added that the main aim of the reviews was to make the educational programmes be in tandem with the government’s vision of making the Island a Blockchain hub.
Tony Sultana, the executive chairman for MITA, has said that the agency is in the process of engaging with other educational institutions in similar projects, while at the same time training public sector employees to be more familiar with the stated technologies.
The agency is the Delta Summit’s main partner in Information Technology. The Delta Summit is an event revolving around Blockchain and digital innovation that will be held in the Island nation in October.