A number of the largest real estate agents in Malta are currently studying the possibility of using Ledger Projects' Distributed Ledger Technology to share information related to the local property market between themselves.

This was announced by David Schranz and Anthony Mamo, directors of Ledger Projects, the first local blockchain company launched in Malta last year.

"Our Distributed Ledger Technology platform, which is an extension of our first product LP01 which we launched last year, will make it possible for stakeholders to have accurate real time information about the industry for the first time ever in a blockchain environment that is secure, distributed and immutable. Eventually the data collected within the system may also assist other stakeholders to understand emerging trends to enable these to pre-empt infrastructural requirements," the directors explained.

This product will be supported by Bitfury's flagship platform Exonum.

"This latest development confirms how Ledger Projects' platform, has, since last September, been evolving from a simple DLT application to a complex ecosystem with a robust use case for full-scale projects and services. It is also an important milestone following the company's announcement earlier this year of Ledger Projects' signing of a partnership with global blockchain company Bitfury Group," the two directors added.

A spokesperson from the real estate agency involved in the discussions commented: "We feel that this collection of information will be extremely beneficial to our industry and to our business operations. Blockchain technology and its applications are moving forward at a fast pace and we are very excited to be getting involved at this early stage."