At a meeting of the European Blockchain Partnership in Brussels, three countries – Italy, Sweden and the Czech Republic have decided to share the one-year presidency, starting from July 2019 to July 2020, as per a Cointelegraph Italy report on July 9.
Marco Bellezza, Legal Advisor to Minister Di Maio for communications and digital innovation and Coordinator of the Italian delegation of the EU Blockchain Partnership, said:
“The Italian Presidency of the EU Blockchain partnership is a first acknowledgment of the activity carried out on this front on the impulse of the Minister Luigi Di Maio, with a view to giving Italy a leadership role in the European projects on Blockchain. This is a unique opportunity to further promote the knowledge and use of this technology for the benefit of citizens and businesses by strengthening cooperation within the EU.”
Italy became a member of the European Blockchain Partnership last September. The European Commission promoted the partnership five months earlier as “vehicle for cooperation amongst the Member States to exchange experience and expertise in technical and regulatory fields and prepare for the launch of EU-wide [blockchain] applications across the Digital Single Market for the benefit of the public and private sectors.”
The Italian House of Representatives approved a bill in February that defines distributed ledger technologies (DLTs) such as blockchain. A member of the Italian Parliament in the Movimento 5 Stelle party, Maria Laura Mantovani stated at the time that favorable use case for blockchain is its application in online voting.
The Italian Banking Association announced last month that Italy’s banks will integrate DLT into internal processes to boost settlements. The deployment of blockchain is also set to improve transparency in transactions between banks and the efficiency of communication between counterparties.
Image Source – Pixabay.com
Cryptocurrency Market Update