National news, 1 February 2021
Malta – Issuance of secure digital money orders through Blockcerts
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A new initiative by the Notary’s Office to the Government is the issuing of secure digital warrants through Blockcerts. Blockcerts aims to give Maltese notaries digital warrants for life. Blockcerts can be verified instantly and free of charge, without the need to check with the issuing institution, in this case the Notary’s Office to the Government. These digital identifiers are tamper-proof and therefore reduce the risk of fraud and increase confidence in the title issued. This is achieved by using blockchain technology to verify the authenticity of the digital warrant.
Another advantage of this type of digital mandate is the ease with which it can be shared. This digital mandate can be shared via text, email and even uploaded to social media platforms such as LinkedIn profile, Facebook page, Instagram and even Twitter. The public, including potential clients, can independently verify that the warrants are still active and in good standing, which is an added value, especially for foreign clients.
