Did you know that Malta is the first country in the world that has a regulatory framework which allows financial innovation to flourish while protecting individuals, business & financial institutions?
Most of us have heard of Bitcoin, but that is only one type of Virtual Financial Asset (or VFA) among many within the ever-evolving Fintech industry. The core invention is a Distributed Ledger Technology (or DLT), a database shared and managed by multiple participants.
It is this technology that has made cryptocurrencies possible. Its underlying data structure, called Blockchain, is held in a series of sequentially encrypted blocks.
Blockchain and DLT have been around for many years. Combining the two concepts, however, has paved the way towards creating a tamper-resistant computer system that can be applied to a wide range of practical problems, as well as create an entire new set of financial products and business models.
CT Audit provides consultancy in all area relating to DLTs and VFAs