Italy Welcomes Innovation

While there are a select few countries around the globe that have shown hesitation towards blockchain, there are many more that welcome the divisive technology.

Italy is the latest in a group of nations to outwardly express interest in the incorporation of blockchain within government activities. This was recently shown with the announcement of the final participants within a government curated blockchain advisory group.

Ministry of Economic Development

The aforementioned blockchain advisory group was put together by the Ministry of Economic Development. This group is comprised of 30 individuals that will volunteer their time.

The goal of the group is to identify areas of government that may benefit from the use of blockchain, as well as create a ‘game-plan’ for treatment of the technology at a national level.

The following list shows names of the 30 selected members of the committee, in no particular order:

Giorgio Angiolini Marcella Atzori Tamara Belardi Francesco Bruschi Stefano Capaccioli
Massimo Chiriatti Monica Cirillo Gianluca Comandini Mauro Conti Ernesto Damiani
Vincenzo Di Nicola Stefano Epifani Fernanda Faini Luigi Gabriele Massimo Guiliano
Lorenzo Giustozzi Renato Grottola Fabio Lecca Peter Lo Castro Aldo Giuseppe Mauri
Marco Monaco Domenico Mosco Gian Michele Nastri Gilberto Nava Martino Maurizio Pimpinella
Laura Emilia Maria Ricci Salvatore Fulvio Sarzana Massimo Savioli Federico Tenga Marco Vitale

 

Comments from the Above

As of June 1, 2018, Italy has seen Luigi Di Maio serve as the Deputy Prime Minister. Perhaps due to his age, 32years, he has shown an open mind towards emerging technologies. He obviously recognizes the potential good that blockchain can do if implemented correctly.

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In September, Luigi Di Maio publically stated, “Emerging technologies such as Artificial Intelligence (AI) and blockchain are intended to radically change our lives, the society in which we live and the economic and productive fabric of the country.”

Joining the ranks?

As previously stated, Italy is joining a long list of countries that have shown some level of blockchain adoption. Here are, but a few, examples of the various ways in which different nations have utilized this technology.

United States

Despite the on-going regulatory uncertainty due to the SEC, the United States remains near the front with regards to level of adoption.

Specifically, we have seen adoption by both the Department of Homeland Security, and more recently, the State of Wyoming.

Homeland Security is utilizing the technology to verify the authenticity of video content. Wyoming, on the other hand, will utilize blockchain to establish a registry of land titles.

Canada
The Canadian government utilizes the Ethereum blockchain to publically disclose issuance of government grants and funding. This is viewable online via a ‘blockchain explorer’.
Malaysia

The Malaysian Ministry of Education utilizes blockchain to provide assurance of legitimacy for diplomas and degrees attained at various Universities. This is being done in an effort to reduce the prevalence of fraudulent credentials.

Australia

Through the use of technology developed by IBM, the Australian government is actively developing a national blockchain. This will then be used as a means for companies within Australian borders to complete transactions through smart-contracts.

 

As made obvious from these examples, blockchain adoption is happening on a global scale. Adoption is not limited to solely one region of the globe. We have examples ranging from North America, to Europe, Asia, and Australia. This stresses the oft repeated, but valid, benefit that cryptocurrencies and blockchain can provide – the creation of a true global economy.

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