Cryptocurrency and ICO news 05.07.2018

Spain estimates utilizing blockchain

Spain’s ruling party believes the government should utilize blockchain to operate the country’s public administration more efficiently.

Last week, 133 deputies from the Popular Party submitted a blockchain-related proposal to the Congress of Deputies, the lower chamber of the Spanish Parliament.

The public documents state:

“The introduction of blockchain – in administrative concessions, contracting or internal processes – will encourage greater control, traceability and transparency in the processes. In addition, the use of this technology can also bring extra revenue to the Administration through the promotion of new models of exchange of rights in sectors such as logistics, tourism or infrastructure. ”

Moreover, the lawmakers recommended building public and private blockchain models “in order to favor secondary markets for goods and services that lower costs, increase productivity and encourage the creation of specialized employment.”

To that end, the proposal also recommends that the government facilitate training for developers “in order to improve their implementation as much as possible.”

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