Copy link
Increase text size
Decrease text size
Link copied

Malta to require all rental contracts to be registered on blockchain

“For Rent Sign” by Charleston’s TheDigitel is licensed under CC BY 2.0

Mon, 24 Jun 2019, 05:37 am UTC

The Malta government’s new rent laws will require all property rental contracts to be registered on the blockchain, Malta Today reported, citing the island nation’s Prime Minister Joseph Muscat.

According to the report, the new initiative, which will implement distributed ledger technology (DLT), aims to protect contracts from being tampered with and accessed by unauthorized parties.

We will now be showing people the added value of this technology through applying it to something which they will use in their daily lives,” Muscat said in an interview broadcasted on One Radio on Sunday.

The details of the new proposed rent reform, which was approved by the cabinet after a long consultation, will be announced in the coming days.

As previously reported, the Maltese government has also awarded the first Blockchain and DLT scholarship grants to 19 students who are interested in pursuing studies at Master’s and Ph.D. levels. The initiative was made possible through the memorandum of understanding signed between the Malta Information Technology Agency and the University of Malta.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,230.26 (+0.06%)
  • Ethereum (ETH) $238.24 (-0.61%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $234.55 (-0.72%)
  • Bitcoin SV (BSV) $183.95 (+1.03%)
  • Bitcoin (BTC) $9,230.26 (+0.06%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft