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The pilot project is being carried out with the support of Latin American crypto exchange Bitso and blockchain developer RSK IOVlabs.
The government of Gibraltar has announced a project to integrate blockchain technology into its legacy systems to improve the delivery of its public services, according to a press release on Tuesday.
The pilot project is being carried out with the support of Latin American crypto exchange Bitso and blockchain developer RSK IOVlabs. RSK is Bitcoin’s smart contract platform.
The government wants to build on the existing functionality of the “eGov” system, which is used as a digital platform for accessing public services, according to the announcement.
The project can help demonstrate the advantages of using blockchain technology to improve the speed and efficiency of government processes and public interaction.
Over the years, the UK overseas territory has become a friendly environment for crypto businesses to obtain a license, with platforms, such as eToro being regulated by the Financial Services Commission. Gibraltar itself. Recently, Chinese crypto exchange Huobi Global moved spot trading services to Gibraltar following crackdowns in its homeland.
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