Today I want to talk about a nation that as small as it deserves so much respect and honor in my opinion, reading in various articles I learned that four months ago, the Maltese Parliament has approved three laws that have created the regulatory framework for Blockchain technology, of the electronic currency and of the Distributed Ledge Technology (DLT). Since then, Malta has become known worldwide as the “Blockchain Island” quickly attracting the interest of thousands of people active in the sector thanks to the fact of being a gateway to the European Union.The new regulations officially came into force on 1 November, giving the newly created Malta Digital Innovation Authority (MDIA) and the Malta Financial Services Authority (MFSA) the opportunity to start receiving license applications for all those interested in operating in Malta, also providing a series of guidelines and request forms directly on the sites of the two Authorities.
ARTIFICIAL INTELLIGENCE SHOULD GENERATE 15.7 TRILLION DOLLARS OF GLOBAL ECONOMIC GROWTH BY 2030
In addition to the first Blockchain applications under review by the Maltese government, the Maltese Prime Minister, Silvio Schembri, now has the task of positioning Malta at the forefront of Artificial Intelligence (AI) and the Internet of Things (IoT) . In fact, Schembri announced in the week that Malta is trying to exploit Artificial Intelligence, a sector that is expected to generate $ 15.7 trillion in global economic growth by 2030.
The announcement was made during an event in Malta, held in the presence of Hanson Robotics humanoid robot, Sophia, which uses multiple modules of Artificial Intelligence to see, hear and respond emphatically: “We are extremely excited to be part of the creation , by the Government of Malta, a task force focused on AI and the first test of world citizenship for robots. The creation of the task force itself shows that the government recognizes the enormous potential of AI and the reality that must be balanced by risk, political and ethical considerations – said Prime Minister Maltese, according to reports from the Maltese Independent newspaper. The creation of the task force is also just the beginning. I am confident that the impressive mix of academics, entrepreneurs and experts who are put together with the task force will put Malta in a leadership position, creating industry and better applications than many of us can imagine. ”
ALL THE THEMES THAT WILL BE ADDRESSED BY MALTA ON ARTIFICIAL INTELLIGENCE
Under the wing of Schembri, the Maltese government will assess the definition of the concept of artificial intelligence and will be responsible for leading a dialogue with stakeholders to create awareness on the key issues and issues that will inspire a national framework on AI. An analysis of the impact of the relaunch of the digital economy will then be carried out and a policy will be developed that takes into account the ethical, ethically aligned, transparent and socially responsible artificial Intelligence. Then the opportunities and ways to incorporate AI into the Malta ecosystem will be identified and policy, regulatory and fiscal measures identified to strengthen Malta’s attractiveness as a platform for foreign investment in this sector. Finally, the basic skills and infrastructures needed to support the AI will be identified, as well as increased sector skills and formulated a national strategy on artificial intelligence.
MALTA WANTS TO EXAMINE THE APPLICATION OF ARTIFICIAL INTELLIGENCE ALSO IN THE PUBLIC SECTOR
“The digital aspect is like a chain, you can not explore an aspect, but leave the others behind. Technological advances in various aspects occur at the same pace, one influencing the other. Malta is anticipating all these changes and developments to become future proof and home for businesses and investors in this area. I want Malta at the epicenter of technological innovation, so Artificial Intelligence is the next one to explore, “said Schembri. In addition to using Blockchain technology in the public sector, the Maltese government is also examining the application of Artificial Intelligence in public sector. According to Schembri, Malta has already identified several areas in which artificial intelligence can help, such as health, education, transport and logistics.
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