PKF Malta have committed to making an investment towards embracing Blockchain in Malta.

The investment will be made in developing Bitpod, which will function as a quasi-lab, will comprise a live project dedicated to fuelling research and development with a special accent on the emerging fusion between technology and the financial world.

Commenting about Distributed ledger technology (DLT) and PKF's commitment to invest in this technology, PKF managing partner George Mangion said: "DLT and virtual financial assets will play an important role in the experiment, which promises a small publication by the end of the year to be made available to the public in a compilation of the findings, observations, conclusions and results.

"In addition to the Bitpod, the complementary Bitblock sessions will present a series of ad hoc working sessions in a casual format, once again aimed at provoking thought, ideas and novel discussion with local as well as international patronage."

Mr Mangion added: "The importance of honing and harvesting research and development in an international forum cannot be stressed enough in our national ambition to service a centre of excellence in the advancing realms of robotics, AI and all forms of revolutionary living. We have the intention and we also now have the law, but we still have a long way to go before we can confidently say that we also have the coveted working ecosystem.

 "We commend the good work and investment being done by the Government and encourage the private sector, like ourselves, to follow suit on this remarkable journey that promises to make its mark an indelible one."