In Italy, legislation was adopted on the use of the blockchain and smart contracts

In late January, the Senate Commission on Constitutional Affairs and Public Works of Italy approved an amendment to the Decree on Simplification, giving legal force to transactions involving electronic and distributed ledger (DLT), without resorting to the services of notaries or central certification bodies. And this directly relates to the regulation of the blockchain and smart contracts .

And yesterday, the House of Representatives of Italy approved this bill. According to the Cointelegraph, the decision was made by a noticeable majority of 508 votes: 275 voted for, 206 against, 27 abstained. The next step is to determine the technical criteria that smart contracts must meet in order to be legally binding.

This bill also establishes that digital records stored on the blockchain will be considered legal verification of documents at the time of registration.

Maria Laura Mantovani, a member of the Italian parliament from the party "Movimento 5 Stelle", said that one of the more advantageous uses of the blockchain is its use in online voting. However, noting that there are no projects for the implementation of such systems, and now the M5S party is looking for researchers who can prove the effectiveness of the technology for voting.

Publication date 09.02.2019
Share this material on social networks and leave your opinion in the comments below.