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

Officials have already started digitizing government services on the RSK smart contract network, but plan to accelerate integration as early as 2022.

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The government of Gibraltar, a British territory on the southernmost tip of the Iberian Peninsula, has launched a pilot program to use blockchain technology to store official credentials on their systems.

In an announcement on Tuesday, the Government of the Queen of Gibraltar announced that it has partnered with the cryptocurrency exchange Bitso and Mexico’s IOVlabs, a startup developing blockchain (BTC) -based financial solutions to use blockchain technology eGov system to integrate. The first phase of integration will allow users to store government issued and certified credentials on their servers to give residents and venue organizations better access to public services.

After Albert Isola, Gibraltar’s Minister for Digital and Financial Services, officials have already started digitizing government services in the RSK smart contract network, but plan to accelerate integration as early as 2022 – on the project.

“Gibraltar has successfully positioned itself as a forward-looking country for innovative companies developing and delivering blockchain-related solutions,” said Isola. “Implementing blockchain technology into our processes in collaboration with the stakeholders working here will further improve the way our community interacts with the government.”

Related: Blockchain is going to change government services and that’s just the beginning

Gibraltar’s Financial Services Commission recently gave the green light to crypto companies looking to do business in the UK, including Huobi Group’s local office, Huobi Gibraltar, which provides trading services, and Block.one’s Bullish Restricted office. Many companies in this sector seem to view the area as a more favorable regulatory environment.