Italy dedicates $46 million for blockchain research
Benefits of new Blockchain technology have been received very good not only from companies, but also from governments. Even that this year the cryptocurrencies have not been stable because of bearish period and companies are hesitating to invest in cryptocurrencies.
It's different story with blockchain, we are seeing recently that companies are accepting and investing in blockchain believing that this technology is the future. Also it is case with the governments, and recently Italian government has dedicated $46 million for companies to invest in blockchain research
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Italy reserved more than $46 million for companies who want to launch subsidiaries for blockchain research
Italy’s new decree reserved more than $46 million for companies who want to set up subsidiaries to research blockchain. Companies will be able to apply to this budget from 21 September 2022, either individually or jointly.
Italy’s Minister of Economic Development, Giancarlo Giorgetti, explained that this initiative aims to support companies’ investments in innovative technologies to modernize production systems. He added:
“The challenge of competitiveness – he adds – requires the manufacturing industry to constantly innovate and grasp the potential of new technologies.”
Initiatives investigating Artificial Intelligence (AI) and the Internet of Things (IoT) will also be acceptable.
Any blockchain, AI, and IoT application on production systems, education, agriculture, environment, infrastructure, tourism, information security, and aerospace can be considered for funding.
