The world’s oldest republic, San Marino, is now working closely with VeChain blockchain technology and DNV GL to develop a new project focused on ensuring a sustainable city development in the country.
While discussing how government can hasten the digital transformation taking COVID-19 into consideration on RaiUno National television, the CEO of VeChain, Sunny Lu, brought the project into limelight.
At the program, the CEO showcased the San Marino Low Carbon Ecosystem project co-developed by VeChain, DNG VL and the republic, Italy-based VeChain community reports.
The discussion also featured one Renato Grottola, a DNV GL official. As published on the RaiUno’s official website, Sunny and Grottola both believe that the future can only be digitalized to be sustainable.
The duo talked about a number of Artificial Intelligence-based projects developed by many technologically advanced countries, highlighting the statement of cybersecurity expert Isaac Ben Israel who explained that Israel cybersecurity “melted” while building a safe artificial intelligence.
“Finally, a pilot project conceived in S. Marino with the Chinese entrepreneur Sunny Lu in which the blockchain is put at the service of politics to guide citizens towards virtuous behavior for a sustainable city”, a translated statement from RaiUno’s website confirms.
The video, made in Italian language, spurred questions from VeChain lovers on Twitter who asked if San Marino is really building a project with VeChain.
The Italy-based VeChain community responded yes, stating that the ongoing San Marino Ecosystem project is powered by DNVGL and VeChain.
San Marino Adopts Register of Blockchain firms
The Republic of San Marino has for long been a lover of blockchain technology. In late 2019, the republic announced it was recognizing blockchain firms in accordance with the Delegated Decree number 86 of 2019.
The innovation institute then stated on its website that government of the country aims at promoting digital innovation by enhancing the growth of blockchain technology in the country.
The Secretary of State for Industry in the country, Andrea Zafferani, said San Marino is excited to push a technology-driven transformation, he showed optimism that the initiative would help boost the economy of the country and expedite developement.
OceanEx GO Launches Jur (JUR) Token with San Marino Innovation Institute
In August 2019, OceanEx GO announced the first public sale of Jur (JUR) developed in partnership with the Institute of Innovation in San Marino.
JUR is flagged by many as the European stablecoin. It is a blockchain project that offers revolutionary trust solutions to people in the legal and justice industry.
The CEO of Jur is a fellow of the Scientific Committee of San Marino Innovation, and he’s an advisory to the European Observatory on Legal Technologies
Jur was flaunted as the lone digital tribunal with official authentication in over 150 world countries. It is designed to allow law firms and experts access legal contracts marketplace easily.
Jur also has connection with VeChain. The supply chain-oriented blockchain foundation is an investor of Jur token. Hence, VeChainThor X Node users enjoyed exclusive benefits during the public sale of the token.