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Blockchain

Italy Announces Experts Team to Help Design National Blockchain Strategy

In the past years, Blockchain technology has seen so much of growth with an unbelievably rapid pace. Considering the new technology’s significance in all the sectors, most nations have initiated to work on the strategies and regulations that can assist to benefit from the technology while eliminating the negative effects of it.

As Italy is looking forward to bring clarity and certainty regarding the use of blockchain technology, it has declared a list of 30 blockchain high-level experts who will contribute to developing the nation’s blockchain strategy. The Ministry of Economic Development revealed the list of experts which includes individuals from industries such as business, academic research, computer science, and law.

The list includes blockchain maestro like Angiolini Giorgio, head of marketing portfolio at a telecoms firm Italtel and a member of UN INFO’s blockchain group, Monaco Marco, leader of the blockchain competence center at PWC Italy, Vitale Marco, president of blockchain firm Quadrans Foundation, and Pimpinella Martino Maurizio, president of the Italian Association of Paying Services Providers.

The group aims to identify potential utilization for blockchain in the public domain along with private services. They will also be working on developing necessary technical and regulatory tools to encourage the adoption of the technology, according to the ministry’s September statement.

At the time, the ministry had addressed members of the group saying that the country’s key priority is to “know, deepen and address the issue of distributed ledger technologies (DLT) and blockchain, as well as increase public and private investments in this direction.”

On the emerging technology of Blockchain, in September, deputy prime minister and minister of economic development Luigi Di Maio stated, “Emerging technologies such as Artificial Intelligence and Blockchain are destined to radically change our lives, the society in which we live and the economic and productive fabric of the country. We have to decide which way to go.”

Additionally, Italy has been concerned about monitoring of cryptocurrency-related activities within its borders. Authorities in the country have alerted the public multiple times against illegitimate actors in the crypto space this month. Notably, the country signed a joint declaration with another six southern EU states in order to transform its economy by promoting the blockchain implementation.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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