Italy has always been one step ahead when it comes to technology. They have heavily invested in areas like blockchain, smart contracts, artificial intelligence (AI), internet of things (IoT), and others.
By this time we all know blockchain can aid A LOT of industries, you need to be creative enough to find a way and use it to your advantage. Italy planned to do something similar.
It so happens that the first pilot project for the use of blockchain has been pitched to the Italian Ministry of Economic Development (MISE) to be used in small and medium-sized enterprises (SMEs) in the textile industry. The presentation took place on 13th March.
The technology will be working with Made in Italy project to protect its uniqueness and quality. This will be implemented by things like certifying the supply chain to ensure maximum security regarding counterfeit stabs.
The Main Objective
The aim of the aforementioned project is to achieve traceability of the goods in the supply chain, certification of origin to the customer, prevent counterfeiting and to ensure the social and environmental sustainability of the productions.
The project is divided into two portions: the first half is more research oriented. It will deal with identifying particular cases, for analyzing and manufacturing purposes, with firms that use blockchain. Whereas, the second half is more practical. It deals with real experimentation.
They also wish that the project will serve as a prototype for various other sectors. Through the traceability of the textile sector, products abroad can be protected as well.
“Contributes to increasing consumer confidence, creating conditions of transparency, guarantee for employment and environmental protection,” said Andrea Cioffi, undersecretary for economic development.
It is good to see that the government official understand what they can achieve with this instead of brushing it under the rug.
Francesco Boccia of the Democratic Party also added that “we are making improper uses of the technology, which does not make a real value, it is a technology on which government should invest further and which must be implemented so that it can have the function of protecting the Made in Italy.”
Surprisingly it is not only the textile industry but it was also reported that blockchain is being used in the Italian dairy industry. Spinose Spa, a giant family business in Castel Volturno and one of the chief producers of mozzarella are using the blockchain to trace their supply chain.
If this technology truly needs to flourish then the government must understand the science behind it.