Maltese authorities bureau supporting business development, Malta Enterprise, signed a memorandum of understanding with Blockchain-as-a-Service service firm T-Systems, parent company Deutsche Telekom announced on Oct 30.

Deutsche Telekom launched the Blockchain Ecosystem (GBE) at the end of last month, as reported by Cointelegraph Federal republic of germany. Now, the Maltese agency will become T-System'south first partner gaining access to the GBE, which tin reportedly be used to track a production's value concatenation from raw materials to delivery alongside other tools that can facilitate blockchain evolution.

Malta Digital Innovation Authority to certify T-System's GBE companies

The collaboration as well includes a planned tech accelerator called Malta Innovation Hub that will also back up development on Ethereum, Hyperledger and R3's Corda, too as provide support for validator service for testing projects and audits.

Malta Enterprise CEO Kurt Farugia commented:

"This collaboration with T-Systems will give a farther competitive reward over other jurisdictions while adding more than value to the already established blockchain ecosystem. [...] Companies using T-Arrangement's GBE services will have a certification for their project by the Malta Digital Innovation Authority."

Malta is positioning itself as a global blockchain hub, as Cointelegraph illustrated in a special documentary.

Meanwhile, the island nation continues to concenter cryptocurrency business, with the Malta Financial Services Potency recently receiving requests from 21 cryptocurrency exchanges seeking a license under the Virtual Financial Assets Act.