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Policy

Gibraltar to Integrate Blockchain Into Government Systems

The pilot project is being undertaken with the support of Latin American crypto exchange Bitso and RSK blockchain developer IOVlabs.

By Jamie Crawley
AccessTimeIconDec 8, 2021 at 5:23 a.m. UTC
Updated May 11, 2023 at 4:35 p.m. UTC
Gibraltar's iconic rock. (Michal Morzak/Unsplash)
Gibraltar's iconic rock. (Michal Morzak/Unsplash)
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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.

Read more: FTX-Owned Derivatives Exchange ZUBR Approved in Gibraltar as a DLT Provider

CORRECTION (DEC. 8, 05:20 UTC): Corrects spelling of IOVlabs throughout.

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Jamie Crawley
Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

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