Italian Government Seals European Blockchain Partnership

From all indications, it appears that the Italian government is on a bid enter the European Blockchain Partnership, as revealed by the country’s Member of Partnership (MP) Mirella Liuzzi during an interview the parliamentarian had with Key4biz.

Italy Advances towards Blockchain Partnership

The Italian Parliamentarian stated in the interview that the partnership, which is constituted by 26 EU countries, will be endorsed by the Minister of Economic Development, Labour and Social Policies, Luigi Di Maio, come September 28, 2018, in Brussels. He also gave his take on the partnership stating that;

“Joining the partnership will allow Italy […] to define its own line in the development of [blockchain] technology — a practice which the previous government had never implemented.”

Mirella Liuzzi, who happens to be a member of the Five Star Movement, which is equally a ruling party, stated that the Italian government’s next agenda is to hire experts in blockchain to explore the ingenious technology and develop a suitable national strategy for the crypto-related sector.

The European Blockchain Initiative

In April 2018, the European Blockchain Partnership was established for the purpose of fostering corporation amongst the European Union member states. Though in the earlier days of creation, only about 22 countries were members, the organization has extended membership opportunities to four other countries namely; Greece, Romania, Denmark, and Cyprus to make it a 26-member corporation.
In June, several reports showed that the Southern city of Naples had launched a goal-oriented group supported by the local Mayor in order to encourage the integration and enjoy the inherent benefits of the blockchain technology. Also, there are certain speculations that there might be a municipal Initial Coin Offering (ICO). In later days, the Southern region consistently attempted to expand its autonomy as it announced its intention to launch a virtual currency.
Speaking of Italy, several aspects of the Italian economy has witnessed some sort of blockchain penetration one way or the other, for instance; the Italian government has indicated interest to apply crypto-related technologies on a broader scale.
Government aside, it was reported that Italian Champions Juventus FC, a top European soccer club with such a renowned football legend as Cristiano Ronaldo, recently developed and is about to launch its own “fan token.”
Highlighting the inherent benefits the Italian government stands to gain if the European blockchain partnership, given reasonable attention, is not an experimental suggestion as countries around the world have the blockchain technology to thank for the revolution in various sector of their economy especially in the financial sector and the data security sector. This move is an avenue to bid farewell to the paper document days and welcome the digital cum information sharing era.

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