1 minute read
Why do you think Malta is attracting the world blockchain ecosystem?
from Block Issue 01
by SiGMA Group
Some people may think that it is merely a coincidence that Malta is currently becoming the biggest blockchain hub in the world. But let me explain why, in my opinion, this had to happen.
The first point that needs to be emphasised is that both Malta and our sector are growing incredibly fast, because they are at the forefront of technological evolution. Both are looking to write the future and they understood that they obviously have a common interest to walk that road together.
History has proved many times that when a country is ready and willing to embrace a new technology or industry, unprecedented growth follows, and that benefits both of them. This is exactly what is starting to happen in Malta.
Furthermore, I believe there is a perfect alignment between the blockchain’s core values and the Maltese culture. This might sound strange, but I can actually see a lot of commonality between the Maltese Knights and us all, pioneers of the blockchain ecosystem. We almost share the same DNA. We believe in freedom for everyone, and not just for a few. The Maltese order’s original purpose was to secure free access to spiritual well being. The blockchain’s purpose is to secure free access to economic well-being.
Our mission is to empower people. For many centuries, the Maltese order protected the poor, the ill, and the weak. In my opinion, blockchain technology was invented to give a voice to those excluded from the financial sector, the under-banked or potentially the unbanked.