MBR SEPTEMBER ALL LR

Malta Business Review
BLOCKCHAIN LAUNCH
Malta’s first Blockchain
Application launched
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“Blockchains are not merely a business
opportunity, but a way to change how
governments serve their citizens and private
companies their clients. The main priorities
should be regulation and incentives to
attract the right capital and talent to
stimulate growth in this sector.”
This was stated by well-known technologist
David Schranz and businessman Anthony
Mamo who after 20 months of research and
development, have just launched the first
locally built Distributed Ledger Application
targeted at property transfer management,
LP 01, through their newly set up company
Ledger Projects.
“Rolling out such technology as lock
chain is easier in Malta since the country
enjoys a strong financial system, talent,
entrepreneurial spirit and a can-do approach
that can turn our island into a base and a testbed
for new sectors and technologies. Malta
has become a centre of excellence with an
enviable reputation in many sectors, and not
only ones that are ICT related. The formula, so
to speak, is already tried and tested and can
therefore be replicated in other areas such as
block chain,” said the two entrepreneurs.
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Speaking about the main advantages of
blockchain, David Schranz explained how
the technology enables any two parties to
make an exchange without the oversight
or intermediation of a third party, strongly
reducing or even eliminating counterparty
risk. “This means that the users are in control
of all their information and transactions.
Furthermore when using blockchain one can
claim that data is complete, consistent, timely,
accurate, and widely available.”
The team at Ledger Projects is being
mentored by Dr Abdalla Kablan, who is a
widely respected fintech expert and data
scientist. Dr Kablan has always been at the
forefront of disruptive technology and is
considered a renowned entrepreneur and
published academic. His interdisciplinary
background in fintech and machine learning
has been paramount to his international
success, and Ledger Projects is delighted that
he has mentored our team academically.
Speaking about Ledger Projects’ first product
LP 01, Anthony Mamo said “We have been
focused on researching, developing and
testing LP 01 for the past 20 months. The
design process was somewhat difficult
because we wanted to ensure that we would
be able to scale horizontally within reasonable
time frames. During this time we also focused
on identifying immediate opportunities
where DLT could bring tangible benefits
to multiple users and the plan is to deploy
another 2 applications at 6 month intervals.”
Referring to the people at Ledger Projects,
Anthony Mamo added, “the team is small
but very diverse, and consists of people with
very different skillsets and backgrounds. We
have managed to attract persons who are
academics, technologists with a passion for
innovation and people with a strong legal
background. We are also fortunate enough to
be able to involve from time to time people
with experience in a particular field to explain
inefficiencies in their business process and
provide feedback to our proposed solutions.”
Ledger Projects will be launched during a
morning event at the Westin Dragonara this
coming Thursday 28th September when the
company will also present its first 'ready to
use' Blockchain application. Those interested
to attend may register by sending an email to
info@ledgerprojects.com. Places are limited
and requests received will be accepted on a
first come first served basis. MBR
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