The diffusion of blockchain is intensifying globally. This was evident last week during the virtual launch of a report titled ‘Blockchain for Small and Medium Enterprises (SMEs) and Entrepreneurs in Italy’ by the Organisation for Economic Co-operation and Development (OECD).
Speakers at the launch acknowledged the growing need to enhance transparency, safety, traceability and efficiency as important to national competitiveness of the country’s large, diversified and export oriented industrial base. They emphasised that Italy is well positioned to leverage the potential of distributed ledger technologies (DLTs) for her competitiveness.
The potential of blockchain for SMEs lies in four areas: access to finance such as syndicated loans; fina