Current Affairs
Blockchain technology to be used for lease contracts

Four months after Malta became the first country in the world to use blockchain technology for the issuing of student certificates, this technology will start being used for contracts of lease when the new law of lease is published in the coming days.

Prime Minister Joseph Muscat said that one of the main points of the new law is that all contracts are to be registered and this will operate using blockchain technology.

“Despite it costing more money initially, it will make more sense. We’ll be going for a DLT system which will be recorded on blockchain, where lease contracts will be recorded and will therefore be safer. They can’t be tampered with and people will have first hand experience of how this technology can affect everyday life.”

Blockchain technology and Artificial Intelligence were among the topics discussed during a news conference on the strategic plan for the digital switchover to be made in the public service in the next three years. Dr Muscat said that this plan, which is being carried out with an EU fund investment of € 40 million, consisted in 170 measures for the public service to be able to meet the technological challenges while being more flexible to meet the needs of the public, anytime, anywhere.

Principal Permanent Secretary, Mario Cutajar, said that the time had come for a discussion on the ways in which Artificial Intelligence can serve the public service.

“The next plan will be technology-based. It has to completely embrace developments in technology for us to really provide a service, and not just pay lip service to this. All in all we are going to build on technology without letting people feel awkward about communicating via Artificial Intelligence.”

Mr Cutajar also spoke about how the public service will introduce the principle that people give their information to government departments only, while ensuring that their personal data is kept secure.

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