The Blockchain Island ‘Malta’ is Formulating AI Strategy

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The Maltese government has announced the formation of a task force to develop a National Artificial Intelligence (AI) strategy. Reported on Tuesday, November 1st from the Malta Blockchain Summit.

The Junior Minister for Financial services, Digital economy and Innovation, Silvio Schembri announced the launch of the governmental initiative “Malta.ai,” stating that Malta is aiming to become a top AI nation. He said that the country would develop a friendly regulatory environment for AI much in the same way as it has done for blockchain technology:

Silvio Schembri MaltaMalta Blockchain Summit

“After successfully positioning Malta as the ‘Blockchain Island,’ by being the first in the world to regulate DLT (distributed ledger technology) products and services, we now would like to position Malta amongst the top 10 countries in the world with an artificial intelligence policy.”

he government has already launched a website for its national AI strategy. According to official statements at the Malta Blockchain Summit, AI projects will be monitored by the Malta Digital Innovation Authority — the same organization that monitors DLT. The government’s objectives are:

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