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Malta to register all rental contracts on blockchain

Malta moves a step further towards consolidating its image as Europe’s blockchain island, with the announcement that every rental contract for property drawn up on the island will have to be hosted on the blockchain.

This decision forms part of the recently approved rent laws and aims at creating a register of all the Maltese rental contracts, while also ensuring that documents will not be subject to alteration by unauthorised individuals.

In March, the Government had announced that all education certificates will be stored on blockchain, while only last month The Malta Registry of Companies, which is responsible for keeping a record of the registered information and documentation on new and existing companies, declared that it will be the first public agency in the world to run on a blockchain-based system.