The Republic of Slovenia has announced the launch of the national blockchain infrastructure, SI-Chain. This new pilot project will allow the country to actively participate in blockchain development at national and European level.
According to reports, the Slovenian government has named its new national blockchain SI-Chain and appears to be ready for testing in order to implement both existing and new blockchain applications for the public and private sector.
SI-Chain was founded this November 2019 by tech service companies Hashnet and Telemach, a provider of telecommunication solutions. The purpose of the project, according to Hashnet CEO Tadej Slapnik, is to:
“Want to integrate blockchain into business models with the widest possible range and high-speed transactions”.
Not only that, SI-Chain is also the result of the Demo/Pilot projects financed by EU funds in 2018. A fund of 73 million euros, 65% of which is dedicated strictly to projects planning to use blockchain technology.
With this incentive, Slovenia undertakes to introduce blockchain also at the regulatory level for industrial sectors, defining smart-contracts in Slovenian corporate law with an open regulatory perspective for digital assets.
The Slovenian model is a useful one that, as stated in the government report, seems to have been recognised by the European Commission as a reliable partner to host the first pilot project: the regional investment fund for AI and blockchain startups in Europe.
This is the tweet of the Slovenian announcement also shared by the EU Blockchain Observatory & Forum:
— EU Blockchain (@EUBlockchain) December 17, 2019
This situation arises in support of the European blockchain development that is emerging at a time when also China appears to embrace this technology.
Not long ago, in fact, after President Xi Jinping’s statement of wanting to make the country a leader in blockchain technology, it seems that the number of Chinese blockchain patents granted has gone a little out of control.
According to the month’s report, in fact, it seems that while Chinese companies account for 68% of total global blockchain patent applications, the number of developers in China is still too low compared to other countries.