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Minister Luigi Di Maio, a popular blockchain technology advocate has lost his ministerial post in the Ministry of Economic Development (MiSE) in Italy but has gained another chair: in Pd-M5s.

Another piece is added in the setting of the Italian Presidency 2019/20 of the European Blockchain Partnership. The Center for Entrepreneurship, small and medium enterprises (SMEs), the Organization for Economic Co-operation and Development (OECD) Regions and Cities, will conduct a study in Italy that will focus on the growth and development of the Italian blockchain and cryptocurrency ecosystem. The study will be financed and supported by the Ministry of Economic Development (MiSE) headed by minister Luigi di Maio, will focus on the implications of this embryonic technology including cryptocurrency on startups and small and medium-sized Italian companies.

According to the Minister of Economic Development (MiSE), Luigi di Maio, the protection of Made in Italy will essentially pass for the blockchain tech and the tracking of every single product. Minister revealed this recently while on the occasion of the presentation of the 33rd ICE Report and of the ISTAT-ICE Yearbook. It is appalling to know that the country has around €40 billion of real Made in Italy in the entire world and 100 billion of fakes.

The Made in Italy project aiming at using blockchain to protect goods and services produced in the country, has returned to parliament for further reinforcement. It is a modification to the growth decree, that has brought Five Star Movement (M5S) in the Budget and Finance committees, to resuscitate the issue that had appeared from the draft of the provision before the launch by the Council of Ministers. Other major amendments including internationalization and stabilization of the Made in Italy Plan are also underway.

The 2019 European election is finally over and the elected representatives of the Five Star Movement (M5S), a political party in Italy founded in October 2009, will occupy the 14 seats available, however, the results show a drop in preferences for minister Luigi Di Maio, a popular cryptocurrency and blockchain enthusiast. Barred from the cutting-edge policies and stunned by hullabaloo after falling back on a position at the Ministry of Education, Dino Giarrusso becomes the most voted candidate in the M5S. The names of the candidates with vision for the North West, North East, Center, South and Islands districts in Italy are also being picked out.

Blockchain technology has been actively developing in Italy, however, it can’t reach its potential power without a proper legal framework. The Ministry of Economic Development is reported to have urged the fintech’s adoption by the Agency for digital technology (Agid). The regulatory environment must be designed for various blockchain innovations including cryptocurrency.

In an effort to have zero tolerance for fake Made in Italy products, the government, through the ministry of economic development (MiSE), 5 Star Movement (M5S) and other authorities, is exploring the potential of blockchain and distributed ledger technology.

The Italian Ministry of Economic Development (MiSE) established a working group to explore artificial intelligence (AI) and blockchain possibilities to boost the country's development. The two groups of experts will be responsible for outlining regulatory frameworks and application scenarios that will help in creating the national strategies that will be sent to the European Commission.

Prominent politicians including the two vice-premiers of the Italian Council, businessmen, companies, and institutions gathered together at Vinitaly to discuss how to improve the wine industry and Made in Italy goods using innovative technologies such as blockchain, smart contract, the internet of things, artificial intelligence and others.