Aragon, an autonomous Spanish region, has seen its government pledge over €12 million to develop what it has dubbed "4.0 industries," including blockchain, AI, and a host of other emerging technologies.
The initiative was co-financed by the European Regional Development Fund within the Operational Program of Aragon for 2014-2020.
In terms of specific uses for the money, it was reported that some specific objectives include the promotion of these new technologies as well as education to advance and promote these fields.
Within the suggested framework of Aragon, the goal is to have the funding help small and medium enterprises incorporate digitalization into their processes and products.
The region, situated in the North-East of Spain, comprises of three provinces: Huesca, Teruel, and Zaragoza.
The region has a population of over 1.3 million in a country with a population of 46.5 million.
This new push will drive a non-trivial region of Spain to digitalize its economy with the aid of blockchain and other cutting-edge technologies.
What is interesting to note is that as an autonomous region, Aragon's integration of 4.0 technology is seemingly similar to the drive being seen from other smaller nations-such as Malta, Gibraltar, and Luxenbourg-that have an interest in modernizing in order to stay relevant.
Malta and Bermuda have actively pushed for adoption of blockchain technology to attract cryptocurrency-related companies to bank and incorporate in these places, generally providing favorable regulations to these companies.
The new pledge may boost digital advancement in Aragon, potentially helping the region remain autonomous and attracting businesses from the blockchain and cryptocurrency sector.
Autonomous Spanish Region Puts $13 Million towards "4.0 Industries" Including Blockchain
Publicado en Feb 15, 2019
by Cryptoslate | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.