The Maltese Government wants to use its blockchain technology to enhance Public Transport Service.
After recently partnering up to help the F1 team Williams, blockchain tech company Omnitude has now signed up for a much more quotidian, though potentially just as influential, task of helping to improve Malta’s public transport system.
Yesterday, the country’s Minister for Transport, Infrastructure & Capital Projects, Ian Borg, announced the partnership as part of the Government’s blockchain strategy, one of the first such national policies of its kind, designed to investigate how blockchain innovations can offer it cost savings and efficiencies. Initially, the Government will work with Omnitude to develop overall improvements in transport reliability.
Omnitude’s so-called ‘Middleware’ solutions are built around the Linux Foundation’s HyperLedger platform, and works as an integrations layer to allow blockchain systems to work alongside and interact with existing eCommerce and enterprise systems. As part of this is offers ‘plug-and-play’ apps to provide records of manufacture origin and provenance, reduce fraud and identity theft and cryptocurrency payments. It has an ongoing ICO, which is open now and runs until the end of May.
The Minister said, “We believe in Omnitude’s blockchain technology and its broad use-cases for the Government. We can see its potential in a range of government departments and it will form a cornerstone technology platform as part of our commitment to drive forward innovation. It will improve the quality of life and enhance access to information for Maltese citizens. Blockchain technology is a key part of our overall national technology strategy that will see us transform different sectors”.
Chris Painter, CEO and Founder of Omnitude said, “Governments around the world are beginning to see the potential for blockchain to reduce costs and streamline services. Malta has an extremely progressive government and we’re excited about the potential this partnership brings. As a middleware technology, Omnitude’s potential use-cases are vast and we look forward to working with the Maltese Government to explore the capabilities of Omnitude’s broad based blockchain ecosystem”.
Both parties are hugely excited about the pioneering potential of this project to deliver huge real-world benefits through the implementation of blockchain technology.
Omnitude is a radical concept in blockchain ecosystems borne out of an existing enterprise eCommerce agency which has spent the last 10 years grappling with the thorny issues of system integration, security and ease of use. Omnitude enables the creation of blockchain solutions that integrate enterprise systems, supply chains and eCommerce platforms. Beyond this, Omnitude is also fostering a community of app developers that can imagine, build and deploy blockchain solutions to real world problems.