Blockchain Scholarship Fund Launched By University Of Malta

Blockchain, Education, News | August 30, 2018 By:

The University of Malta and the Malta Information Technology Agency (MITA) have announced a €300,000 ($351,000 USD) blockchain and distributed ledger technology (DLT) scholarship fund.

The scholarship fund, which will be split over three years, is targeted at students studying information and communications technology (ICT), law, finance, and engineering. It is part of Malta’s blockchain strategy, which intends to transform the island into a global research hub for the technology complete with an attractive licensing regime for blockchain companies.

“We worked hand in hand with University to ensure that this new emerging econimic sector will find the necessary specialized human resources for it to grow and at the same time help our students to take the opportunities arising in this new digital innovation economy,” said Silvio Schembri, the digital economy parliamentary secretary. “This is all in line with our strategy to make Malta The Blockchain Island.”

Alfred Vella, University of Malta rector, said that they are looking to integrate units relating to DLT, blockchain, digital currencies, artificial intelligence (AI), FinTech, and regtech into degree and Master’s programs in law, finance, ICT, and other fields.

Tony Sultana, MITA executive chairman, said that the agency was engaging in similar initiatives with other educational institutions, as well as carrying out training sessions for public sector employees to familiarise themselves with the technologies.

Blockchain and crypto courses are increasing in popularity and more and more students are showing interest. According to a recent study conducted by crypto exchange Coinbase and research firm Qriously, 42 percent of the world’s top 50 universities are now offering at least one course in the realm of blockchain or cryptocurrency.