The government of Gibraltar announced a project to integrate blockchain technology into its legacy systems in order to improve the delivery of its public services, according to a press release on Tuesday.
- The pilot project is being undertaken with the support of Latin American crypto exchange Bitso and RSK blockchain developer IOVlabs. RSK is the smart contract platform of Bitcoin.
- The government wants to build on the existing functionality of its “eGov” system, which is used as a digital platform for accessing public services, according to the announcement .
- The project may help demonstrate the advantages of using the blockchain technology to improve the speed and efficiency of government processes and public interactions.
- Over the years, the British overseas territory has established itself as a friendly environment for crypto businesses to obtain licenses, with platforms, such as eToro regulated by the Gibraltar Financial Services Commission. Recently Chinese crypto exchange Huobi Global moved its spot trading services to Gibraltar after crackdowns in its native country.
CORRECTION (DEC. 8, 05:20 UTC): Corrects spelling of IOVlabs throughout.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.