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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.

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.

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.

Italy has invested heavily in the field of technological innovation such as blockchain technology, smart contracts, artificial intelligence (AI), internet of things (IoT) and others. Different possible application features of blockchain and its huge potential for protection, elevation and promotion for Made in Italy products both abroad and inside the country. The themes of the conference 'Blockchain: guarantees for the consumer and the made in Italy’ happened in Rome, at the Luiss Business School. The technology aims at shielding the project.

The meeting on the Pilot Project to accelerate the use of Blockchain for the protection of Made in Italy will be conducted from Parlamentino hall of the Ministry of Economic Development (MISE) is scheduled for March 13, 2019. And it is precisely on this theme that the start of the Pilot Project promoted by MISE is focused to exploit the Blockchain technology for the creation of new forms of protection of Made in Italy.

Recently, the Ministry of Economic Development in Italy, headed by Luigi di Maio, selected 30 high-level experts to form a blockchain technology development committee.

A team of experts that was recently selected will explain Italy’s national strategy on AI, Blockchain technology and other innovative technologies. The team is composed of high-level experts appointed to strengthen the ground required to boost research, use, development, adoption of blockchain and to speed up its airing in both private and public services.

The Minister for Economic Development in Italy, Luigi Di Maio, appointed a team of experts to explain the national scheme and strategy on Blockchain technology.

Italy has been trying to keep pace with technological progress. That is probably the most obvious reason for the country’s government to support the development of blockchain, IoT, AR/VR and other innovative technologies.