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Blockchain Europe

Gibraltar’s Government Systems To Be Integrated With Blockchain Technology

H.M. Government of Gibraltar is to integrate blockchain technology into its legacy systems in order to streamline government processes.

Initially implemented on a pilot basis, the integration is forecast to improve the delivery of public services to individuals and organisations residing or operating in Gibraltar.

The proposed blockchain solution will build upon and enhance the functionality of Gibraltar’s eGov system, with the focus of the initial phase being to enable users to store government-issued and certified credentials.

The pilot integration project will be delivered by HM Government of Gibraltar who has been working closely in partnership with two firms: Bitso, a Gibraltar licensed cryptocurrency platform, and IOVlabs, the team behind the RSK blockchain.

Both firms have long contributed to Gibraltar’s work in the DLT sector. The government has developed a close working relationship with these firms over time and values their counsel.

Albert Isola, Minister for Digital and Financial Services, HM Government of Gibraltar
Albert Isola, Minister for Digital and Financial Services, HM Government of Gibraltar

Gibraltar’s Minister for Digital and Financial Services, the Hon Albert Isola MP, said: “Gibraltar has successfully positioned itself as a forward-thinking jurisdiction for innovative businesses developing and offering blockchain-related solutions. The implementation of blockchain technology into our processes in partnership with our stakeholders working here will further improve the way in which our community interacts with the government.

“We have already begun the process of digitising many of our services through the introduction of the eGov system earlier this year. I am confident that the RSK Blockchain will serve as a solid foundation on which to build the intended programme of services in a coordinated and phased manner further complimenting the work already undertaken.

“I am pleased to recognise the invaluable support and contribution provided by our good friend Diego Gutiérrez Zaldívar, CEO of IOVlabs, and his team, who will provide technical and other support on the initiative working hand in hand with our Digital Services team. This project would not have been possible without their total support for which we are most grateful.”

Isola continued: “Equally, the fantastic contribution by Bitso is most welcome as their very generous donation to HM Government of Gibraltar has allowed this exciting project to become a reality and will enable this work to commence in early 2022. At this moment in time, Government would not otherwise commit funding to this project. The support and commitment of Bitso to the development of Gibraltar as a centre for innovation is most appreciated and we are thrilled to continue to strengthen our relationship with them.”

Bitso is a LATAM-based cryptocurrency platform licensed in Gibraltar under the DLT Providers Regulatory Framework. They will donate to this project approximately $500,000 and in keeping with the nature of the industry will originate the payment to the technology provider in bitcoin.

Daniel Vogel, co-founder, Bitso
Daniel Vogel, co-founder, Bitso

Commenting on the announcement Bitso co-founder Daniel Vogel said: “At Bitso, we believe that the private and public sector can work together to create profoundly impactful crypto and blockchain-based solutions. We are proud to work closely with the Government of Gibraltar to increase the use of blockchain technology within vital industry sectors. Gibraltar sets a phenomenal example of government entities embracing the crypto ecosystem to enhance greater growth of our society, and Bitso is incredibly proud to be part of its crypto community.”

Gutiérrez Zaldívar, CEO of IOVlabs added: “We are thrilled at the opportunity to collaborate with the Government of Gibraltar in deploying blockchain technology to create a new paradigm of government interaction with citizens and organisations that will reduce costs and red tape while increasing automation and trust.”

In recent years, Gibraltar has established itself as the jurisdiction of choice for some of the most successful blockchain companies in the world. Operating at the forefront of innovation, in January 2018 Gibraltar became the very first jurisdiction globally to introduce legislation around Distributed Ledger Technology (DLT). Following an update of its DLT regulatory framework in late 2020, the Government announced the establishment of a new working group that will be responsible for contributing to the creation of the appropriate market standards for exchanges operating in the digital asset space.

Author

  • Tyler is a Fintech Junior Journalist with specific interests in Online Banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

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