Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Italy's 5-Star Movement calls for blockchain use in public sector

The 5-Star Movement, Italy’s biggest opposition group, is pushing for blockchain technology to be used in streamlining public services, Reuters reported.

Founded in 2009, 5-Star rose quickly to become Italy’s main opposition party. It presents itself as a clean alternative to mainstream parties tainted with corruption probes.

5-Star has called blockchain a "fundamental topic" and believes that the technology has the potential to bring more trust in the public sector.

According to a draft seen by Reuters, the group has plans to propose a law in January in the Lazio region, forcing the local government to use blockchain to streamline and bring more transparency to some of its activities. If successful, it would mark the first law in Italy to incorporate the use of blockchain in government.

5-star councillor Davide Barillari told Reuters that the group also intends to introduce the technology in a regional healthcare reform.

Last month, Five Stars Movement leader Beppe Grillo said in a statement, “We’re working on a project, the so-called Blockchain for the encrypted information. It is very interesting- you have an algorithm and there are no intermediaries. If the Blockchain could be used in politics that would be very interesting...” (As quoted by CoinTelegraph)

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2017-09-22 15:30:57
0m
2017-09-22 15:30:36
0m

September 22 14:30 UTC Released

USECRI Weekly Annualized*

Actual

0.0 %

Forecast

Previous

0.3 %

September 22 14:30 UTC Released

USECRI Weekly Index*

Actual

143.4 %

Forecast

Previous

143.3 %

September 25 00:30 UTC 33193319m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.2 bln $

September 25 08:00 UTC 37693769m

DEIfo Business Climate*

Actual

Forecast

116.0 %

Previous

115.9 %

September 25 08:00 UTC 37693769m

DEIfo Current Conditions*

Actual

Forecast

124.8 %

Previous

124.6 %

September 25 08:00 UTC 37693769m

DEIfo Expectations*

Actual

Forecast

107.9 %

Previous

107.9 %

September 25 11:30 UTC 39793979m

TRCapacity Utilisation*

Actual

Forecast

Previous

78.8 %

September 25 11:30 UTC 39793979m

TRManufacturing Confidence*

Actual

Forecast

Previous

110.7 %

September 25 12:30 UTC 40394039m

USNational Activity Index*

Actual

Forecast

Previous

-0.01 %

September 25 13:00 UTC 40694069m

MXIGAE Econ Activity YY

Actual

Forecast

Previous

2.4 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.