Up to now, it is not yet well known what technical standards blockchain technologies must meet to produce the legal effects of electronic time validation. However, it seems that in the near future, Italians will need blockchain to carry out digital notarization and copyright protection.
In Italy, before other great countries, it was decided to introduce specific regulations for Blockchain technology, in fact, in the simplification decree approved in the Official Journal in February 2019 two articles on this new technology were introduced.
Banca Mediolanum, one of the largest financial institutions in Italy, has proclaimed that it has certified the non-financial viability (hash) of the Non-Financial Statement (DNF) on the Ethereum (ETH) Blockchain.
Blockchain has been steadily integrated into different aspects of everyday life. Now it is time for the fintech to go beyond its ordinary use cases and become a part of data processing in the legal system. Italy is one of the countries at the forefront of adopting innovative technologies.