Italy to Provide $46 M for Blockchain and Crypto Research

by in Blockchain News

blockchain Italy

The Italian government revealed incentives for technological developments related to blockchain and AI. A statement published by The Ministry of Economic Development (Ministero dello Sviluppo Economico or MISE) says certain blockchain and other tech projects will be able to apply for up to $46 M as a government support from Sept. 21.

Related: Italy’s Banking industry is going to boost cooperation with blockchain

Minister Giancarlo Giorgetti said MISE supports investments in disruptive tech to promote the modernization of production via processes that are connected with one another, and enhance efficiency. Among the priority sectors of the government are healthcare, culture, manufacturing, education, logistics, and more.

Blockchain adoption has been growing. With cryptocurrencies, smart contracts, NFTs, DAOs, Web3 and other products and solutions, it is one of the revolutionary technologies of the modern world.