Malta to Host Another Sold-Out Blockchain Summit In November

Oct 30, 2018 at 20:37

Malta, the island nation famous for its ambition to become the ultimate blockchain island, is showing the world that it is serious in its bid by hosting another blockchain summit on November 1 and 2, where banks and venture capital firms are expected to attend.

The event, which is said to be almost sold out, is divided on conferences about regulatory, marketing and investment, developer and technology, and tokenomics and cryptocurrency.

It will also host a hackathon contest expected to be joined by around 300 blockchain developers for a prize money worth €50,000.

An ICO pitch battle is also scheduled to happen, giving participants a budget of $100,000 and 10 minutes to present a pitch to a panel of judges.

The event takes place just weeks after the Delta Summit, also a blockbuster blockchain event on the island in early October, that was attended by almost 4,000 participants.

Malta is the first jurisdiction in the world to adopt blockchain regulations which immediately attracted Binance and OKEx, two of the largest crypto exchanges, to locate in the island.

Despite being one of the smallest countries in the world with a dense population of 475,000, its government is very keen on adapting forward-thinking approach to blockchain regulations paired with low corporate tax in order to make do with limited natural resources.

Recently, Joseph Muscat, Malta’s prime minister was quoted during his speech at the 73rd Session of the General Assembly of the UN that cryptocurrencies are the future of money as the blockchain tech continues to improve.

“It is the accessibility to advanced technology that will lead to solutions, hopefully for the whole world. I passionately believe technology revolutionizes and improves systems,” he said.

Disruptblock made an earlier story about Muscat’s statements, which you can read here.