The distributed ledger technology (DLT) or Blockchain for the traceability of Made in Italy, is the project launched by the Ministry of Economic Development (MiSE) in collaboration with IBM and representatives of the Italian textile production chain. The aim is to defend the excellence of locally manufactured products and services on international markets, combat counterfeiting and support the competitiveness of manufacturing 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.
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 MiSE has partnered with SMI and IBM to design a blockchain project that will trace a product through every phase of production. Initially, the trial project will be supported by 30 companies and this number is expected to grow. The fashion industry will benefit from using the new technology most of all.
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.
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.