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Gibraltar's government plans to bridge the gap between public and private sectors with blockchain

Published 12/07/2021, 04:00 AM
Updated 12/07/2021, 05:40 AM
BTC/USD
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The government of Gibraltar, a British territory at the southern tip of the Iberian Peninsula, has started a pilot program aimed at utilizing blockchain technology to store official credentials on its systems.

In a Tuesday announcement, Her Majesty's Government of Gibraltar said it had partnered with Mexico-based cryptocurrency exchange Bitso and IOVlabs, a startup that develops financial solutions based on the Bitcoin (BTC) blockchain, to integrate blockchain technology into its eGov system. The initial phase of the integration will allow users to store state-issued and certified credentials on its servers in an effort for residents and location organizations to have better access to public services.

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