The working group is operating in Naples and beyond. The Naples authorities declared that volunteers were welcomed from all over the globe to help the working group in “developing and implementing objectives related to blockchain technology.” The demand was well gained by scholars, blockchain developers and enthusiasts from around the world and about 300 of them entered the group.
The Naples mayor`s associate, Felice Balsamo confirmed that since December 2017 the blockchain project has been in the works, when the price of bitcoin hit an all-time high of $20K. Presently, the officials of the project are dividing the entire focus group into small chunks joining people with various skills and disciplines. The entire focus group connects volunteers who are students, legal luminaries, engineers, developers, accountants and more.
The major object of all the cells that make up the working group is to brainstorm and making blockchain solutions which would be able to enforce transparency in different areas of the administration including elections, birth records, and the entire economy. As a resolve is developed, volunteers will now deploy their startups in the region about the advantages of adopting such systems while encouraging small and medium enterprises to accept payments in cryptocurrencies.
Combining traditional economy with a new economy based on cryptocurrencies could lead to a huge economic potential for over 3.5 million residents of the metropolitan city of Naples.
Luigi de Magistris,
The Mayor, Naples
Italy is defined to join the league of nations championing the crypto revolution, beginning with Naples. If things go well, in a few years time, Italy will become a crypto hotbed in Europe.