Blockchain at present obtains an increased magnitude of hype regarding its promising uses, and abundant credible applications persist to be tested in the real world. Fruitful testimonies of ideas entail that blockchain’s characteristics are properly harmonized to a specific challenge it is aiming to meet.
The Great potential of blockchain may be a sturdy support of services in developing economies and countries. If this is properly and correctly applied and used, it can aid a country’s economic growth and development. This is the vision a country is set forth.
This vision is why advocates of blockchain say it will revolutionize and strengthen a country’s economy.
Slovenia’s Prime Minister Lauds Nation as ‘Blockchain-Friendly Destination’
The prime minister of Slovenia touted the benefits of blockchain earlier this week while highlighting a new government-backed think tank focused on the tech.
Prime Minister Miro Cerar was speaking at the Digital Slovenia 2020 gathering on Wednesday when he gave a wide-ranging speech on blockchain. During the remarks, he notably declared that the government “want[s] to position Slovenia as the most recognised blockchain destination in the European Union.”
He touted the country’s startup community, and also disclosed that the government is looking at administrative applications of blockchain.
“The regulatory bodies and ministries are already studying blockchain, and the state is participating in activities at European level in the area of the introduction and regulation of this technology. We are also already laying the foundations for the initial pilot testing of the technology in the state administration.”
The think tank will likely play a role in these ongoing efforts.
The recently inaugurated group – announced on Oct. 3 – will act as a point-of-contact between blockchain developers, industry stakeholders and the Slovenian government, while also coordinating with different companies to create educational materials on the technology. The country’s Ministry of Public Administration is formally backing the effort, which will play a role in developing new regulations around the tech.
According to the prime minister, Slovenia is looking to throw its weight behind the tech in a broad way.
“Slovenia as a whole is therefore setting itself up as a blockchain-friendly destination, and to that end it is establishing the pillars of a national blockchain ecosystem in the area of the transfer and spread of information, the adoption of legal regulations and the promotion of a supportive environment for the development of companies working in the area of blockchain technology,” Cerar remarked.
His remarks closely follow statements from Slovenia’s Financial Stability Board, which said that blockchain innovations “are welcome from the perspective of the development of the country.”
In the same release, the board also warned citizens against investing in initial coin offerings and cryptocurrencies, noting that neither are regulated in the country.