BitMalta, Malta's first association dedicated to the promotion of blockchain technologies, has confirmed its latest partnership with the prestigious Nextgen Payments Forum that will be hosted on 27-28 February 2018 in Malta.
The question is no longer whether blockchain will disrupt the tax system, but how far, how fast and how to ensure your business is up to speed. Putting the hype aside, what does blockchain really mean for tax compliance and management within your business? What are the main risks and opportunities? How can you begin preparing for the shake-up ahead?
Blockchain based technology has experienced impressive growth over the past five years. It went from being ignored or unheard of, to becoming a buzz phrase in the innovation and technological world. But it is not only the financial world that can benefit. With its relatively low cost of maintenance, increased transparency, lessened administrative burden and resilience to fraud, Blockchain technology applications are endless and far more radical and diverse, ranging from healthcare to the fashion industry, from solar energy to management of intellectual property rights.
Blockchain.com CEO and founder Peter Smith has recently stated that within 24 months we will see the emergence of a government-backed digital currency.
Exploiting the full potential of Blockchain requires a solid technology infrastructure, along with the necessary skills to set it up, maintain and operate it.