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Blockchain Future Under Extensive Experts' Efforts

Maya Mandzikasvili | Dec. 31, 2018
Blockchain Future Under Extensive Experts' Efforts

December 31, 2018 | AtoZ MarketsOn September 20th, the Ministry of Economic Development of Italy (MISE) called on society to form a group of 30 experts which will be responsible for developing a national strategy of the blockchain integration. On December 27, MISE revealed who will join the group of blockchain experts and what will be their main tasks.

Who Are The Members?

Team of the specialists includes a wide range of the specialists, such as Angiolini Georgio a head of the marketing for telecommunications equipment company Italtel. Giorgio is also a member of the United Nations blockchain development team. Other members of the blockchain integration team are Cirillo Monica, a financial lawyer and president of the Blockchain-Smart Contract national research and technological innovation commission; Vitale Marco, president of the blockchain-firm Quadrans Foundation; and Giustozzi Lorenzo, president of the BlockchainEdu Association.

What Are the Main Tasks?

According to the MISE statement, the group of the experts will work to identify possible options for using the blockchain in public and private services and will develop the necessary technical and regulatory tools to facilitate the introduction of this technology. As the September Italian Financial Regulator's press release states, the duty of the new division will be not only the introduction of innovations but also the fight against theft using DLT technology. To fulfill their purpose the team will identify and research practices that use DLT and the blockchain technology and their distribution in the country. Then, the newly created group of crypto specialists will have to promote and explore the use of these technologies so that they become even more accessible to the Italian public. They plan to do this by creating a so-called national blockchain strategy. Once it is formed, it will be open to the public and will be the subject of public consultation. After the official appeal of Italian Financial Regulator, Luigi Di Mayo, the Deputy Prime Minister of Italy noted that new technologies, "such as artificial intelligence and blockchain, are intended to radically change life, society, and the economic and production structure of the country". Earlier this month, Italy signed a joint declaration with another six southern EU states, which state that it will lead the blockchain to transform its economy.

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