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Italian sectors in which the origin of products (“Made in Italy”) carries an important market value can strongly benefit from the features of transparency, security and traceability offered by blockchain. SMEs compose the core of Italian industrial clusters (e.g. textiles, furniture, white goods, footwear) and other important export sectors as mechanics and agri-food (OECD, 2014[6]). Blockchain systems are inherently strong in ensuring optimal management of data provided by traditional quality assurance providers on provenance and quality of products, which could add significant value to production processes embedding this technology.

Innovative Italian SMEs are testing DLT solutions to serve these sectors, and some are starting to commercialize them. In this document, we do not dwell on explaining the technical features of DLTs7DLTs. It is enough to note that the technology derives from decades of evolution of cryptographic research and that created a decentralized, distributed system where information can be stored securely, transparently, and immutably. While the first known applications were in the area of crypto asset, new industrial applications are constantly emerging.

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