Joshua Ellul, Chairman of the Malta Digital Innovation Authority (MDIA) and Director of the Centre for Distributed Ledger Technologies at the University of Malta, has announced the discovery of new types of applications of blockchain technology “that could not be implemented before”.
Sharing the news on social media, Dr Ellul says “Gordon J. Pace and myself have just uploaded a pre-print paper which we believe to be a breakthrough in Blockchain and DLT.”
“Since the introduction of blockchain up until now, it has been widely believed (in both industry and academia) that blockchain and DLTs cannot initiate interaction with external systems,” he explains.
However, through their paper and its implementation, “we show that this belief is preconceived by proposing (and implementing a prototype) that demonstrates that blockchain systems can actively and directly interact with external systems.”
Dr Ellul hailed the discovery as a “breakthrough” which “will usher in new types of applications that could not be implemented before”.
Featured Image:
Joshua Ellul / LinkedIn
From Paphos to Limassol? Maltese entrepreneur has big plans for J’Oli in Cyprus
Chantelle Mifsud says J'Oli has received a very positive response in Cyprus so far.
BBQ Under the Stars – The Phoenicia Malta’s summer table for CEOs
For the client dinner or team reward, a five-star Mediterranean barbeque at Bastion Pool Bar & Restaurant is Malta’s summer ...
Jonathan Borg joins Dalli Advocates as Maritime Affairs Advisor
He joins the legal practice after a career spanning 38 years, during which he has worked across multiple international markets ...
Robert Debono welcomes Hard Rock Cafe’s return to St George’s Bay
The origianl Bay Street outlet closed down six years ago.
