Malta is a culturally diverse country with a complex social and political sphere—the fact which might come across as unexpected of an island state of such a minuscule size. And due to this complexity, Malta’s everyday political and social realities could be a treacherous terrain to navigate.
The duty of the state is to ensure that wellbeing of people and the environment are always prioritised before the profits of a handful—and the AI industry should be no exception.
It is not the first time that Malta has swiftly turned around legislation to grant a measure of order and clarity to emerging industries, creating what could be referred as a “legal certainty market”. However, this is far from risk-free.
The radically democratic potential of the blockchain technology is undermined by the absence of democratic control over the internet.