In line with the Malta Blockchain Summit, the Maltese govt. has proclaimed the formation of a taskforce to develop a national artificial intelligence [AI] strategy. The Junior Minister for financial services, Digital economy and Innovation, Silvio Schembriproclaimedthe launch of the governmental initiative “Malta.ai,” stating that Malta isattending tobecome a AI nation. Heaforementionedthat the country would develop a friendlyregulativeecosystemfor AIa lot more similar to the blockchain technology:
“Afterwith successpositioning Malta as the‘Blockchain Island,’ by beingthe primarywithin theworldto manageDLT (distributed ledger technology)productand services,we would now really liketo position Malta amongstthe toptencountrieswithin theworld withan artificialintelligence policy.”
The govt has already launcheda web-sitefor its national AI strategy.In line with theofficial statements at the Malta Blockchain Summit, AIprojects would bemonitored by the Malta Digital Innovation Authority —the sameorganization that monitors DLT. The government’s objectives are:
“…to dialogue with stakeholders,to makeawareness of the key topics andproblemsthat mayinform a national AI Framework, consult on a policy that considers for ethically aligned,clearand sociallyaccountableAI,establishregulativeand monetarymeasures to strengthen Malta’sattractivenessas a hub for foreign investmentin thissector andestablishthe underlyingtalentbase and infrastructurerequiredto support AI.”
Malta.aicancollaborate with SingularityNET, alocalisedmarketplace for AI services,in a verytestto “explore a citizenshiptestfor robotswithin themethodof drafting new regulation for AI.”
SingularityNET,thatis functioningwithrenowned robotmechanism‘Sophia’engineeredby Hong Kong-based HansonRobotics, has launched its own AGI token, withan overallmarket capitalisationreaching nearly $33 Mln.
Malta has gained anameas a proactive and friendly jurisdiction for blockchain and crypto-related business.the govtproclaimedits intentionto formthe countrya frontrunnerin DLT by next year.
Earlier inJuly, the country’s Parliament passed3bills settinga transparentregulativeframework and legalecosystemforboththe crypto and blockchain industries. The country has since becomea well-likedspacefor crypto-related startups,together withworldcrypto exchanges including Binance, OKex, and BitPay.