After signing a declaration with six other EU states this month to integrate blockchain into European economies, the Italian Government has taken a bold step further by manning its new blockchain advisory board with 30 experts.

All the major board members come from the industry: Angiolini Giorgio, head of marketing portfolio at a telecom firm Italtel and also a member of UN INFO’s blockchain group; Monaco Marco, leader of the blockchain competence center at PwC Italy; Pimpinella Martino Maurizio, president of the Italian Association of Paying Services Providers; and Vitale Marco, president of blockchain firm Quadrans Foundation.

The board has been in the pipeline since September 2018 when The Ministry of Economic Development called for more government focus to “know, deepen and address the issue of distributed ledger technologies (DLT) and blockchain, as well as increase public and private investments in this direction.

This view was highlighted by comments at the end of last year from Italy’s deputy prime minister Luigi Di Maio, when he suggested that: “Emerging technologies such as artificial intelligence and blockchain are destined to radically change our lives, the society in which we live and the economic and productive fabric of the country. We have to decide which way to go.”

Italy became the 27th nation to sign the agreement to join the European Blockchain Partnership since its conception earlier this year in April. The partnership has grown from 22 nations since its launch. Initially, the EU had launched an EU Blockchain Observatory and Forum, subsequently investing more than EUR 80 million in blockchain projects. A further EUR 300 million has been allocated over the next four years.

The main aims of the new Italian advisory group are to examine future use cases for blockchain in both public and private sectors and establish appropriate tools for governing its use.

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