Malta Will Try To Rule AI After Attaining Prominent Blockchain Status

Wilfred Michael 

Wilfred Michael

News reporter

02 November 2018,
07:04
Malta Will Try To Rule AI After Attaining Prominent Blockchain Status

Malta's quest to dominate the field of artificial intelligence has been given a huge lift after the government announced that it has set up a new task force for this purpose.

According to Silvio Schembri, Junior Minister for Financial services, Digital Economy and Innovation, the government hopes to build on the success it has achieved within the last six months after it became the world’s first jurisdiction to regulate digital ledger technology and cryptocurrency operations.

A new initiative dubbed Malta.ai will be used to promote a regulatory-friendly environment for Artificial Intelligence in the new ‘blockchain Island’. It will also seek to convince AI startups to move into the country just like top blockchain-based business have done in the last few months.

Mr.Silvio Schembri told the audience at ongoing Malta 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.”

Malta.ai Aligns Itself With SingularityNET

As mentioned in the report, the initiative will see Malta.ai partner with start-up SingularityNET to “explore a citizenship test for robots in the process of drafting new regulation for AI.”

SingularityNET already functions as a decentralized market place for AI services and have a wealth of experience in the field. The startup is currently working with Hanson Robotics, the builders of the popular robot Sophia which was released in Dubai last year. Hanson Robotics is also trying out its hand in blockchain, having launched its token

From now on, the Malta Digital Innovation Authority which also oversees blockchain technology has been charged with overseeing the progress of the newly launched AI strategy.