Blockchain Firm æternity Teams With Microsoft Innovation Center To Support Malta’s Blockchain Industry

Blockchain, News | November 4, 2019 By:

Blockchain 3.0 platform æternity has teamed with Microsoft Innovation Center (MIC) to support the growth of blockchain technology in Malta.

Founded in 2016 by the so-called “Godfather of Ethereum,” Yanislav Malahov, æternity is a public, open-source, blockchain-based distributed computing and digital-asset platform that builds upon decentralized cryptographic P2P technology. It aims to solve problems of scalability, security, be more economical, and user-friendly when it comes to accessing the smart contracts on the network.

Microsoft Innovation Center provides students, customers and partners with a comprehensive set of programs and services. The goal of these centers is to foster innovation and growth in local software economies. It provides access to world-class resources for students, software developers, IT professionals, academic researchers and entrepreneurs.

Through this partnership, æternity’s investment arm, AE Ventures, and Microsoft will host regular blockchain events in Malta to promote the country’s positioning as a friendly jurisdiction for blockchain businesses to launch and incorporate.

“After all the hype there has been about blockchain in recent years, now is the time to demystify all the doubts there could still be about this technology,” said Mary Downing, Manager of Microsoft Innovation Center. “We are very proud to have æternity on board as our second Microsoft Innovation Center partners. Having æternity promote and nurture blockchain startups from the Microsoft Innovation Center will not only bring a more flexible development of new technology but will also be an opportunity to promote blockchain as a tangible technology that brings real value.”

The first event hosted by MIC and AE Ventures will be a weeklong intensive training program for blockchain startups, which begins November 4. After reviewing more than 100 blockchain startups from around the world, æternity’s global accelerator program Starfleet has invited 15 to participate in the program. Following the program, ten startups will be selected for an additional five weeks of mentorship. This will culminate with a Demo Day at which selected teams will win an investment offer of up to $100,000 USD in AE tokens and an additional six months of mentorship and acceleration.

“We are excited to be partnering with the Microsoft Innovation Center and we see this as the next step in æternity’s global policy,” said Jarek Bialek of AE Ventures. “Malta is a great place for developing blockchain ideas and bringing them to life, this is why we believe that more Starfleet alumni will choose to incorporate their companies here.”