Digital technology

The XIX Annual Workshop organized by Agici and Accenture has revealed that in 2030 Italy risks to experience prolonged blackouts due to the increased demand in renewable sources of energy. The electrification process may bring suffering to the Italian energy system, consuming up to 1700 hours a year. The use of blockchain and digital technologies seems to save the situation if applied in time.

IBM Studios, a gigantic space in fast-developing Italy, will open its doors this March to welcome specialists in AI, blockchain, cloud computing, Internet of Things (IoT), and many other digital technologies. The initiative is aimed at facilitating the process of the digital transformation of the country’s systems.

Italy has a great number of successful blockchain projects related to efficient energy management, notably in smart cities such as Bologna, Milan, and Venice. However, only 5% of the ventures involved in the energy sector take advantage of digital technologies and fintech.

Blockchain technology has attracted the legal and regulatory attention of several governments and institutions and definitely epitomizes the model of contemporary evolution and fruition of the internet in the process of growth and development of innovative digital technologies.