Isle of Man Trials First Government-Run Blockchain Project

The Isle of Man’s Department of Economic Development today announced plans to trial the first government-run blockchain project.

Using proof-of-stake protocol Credits, developed by local startup Pythia, the department will create a registry of digital currency companies operating on the island.

“What we’re actually looking at is a major initiative on the back of the work the Isle of Man has been doing around cryptocurrencies … We’re the first to do this but we’ll be assessing it as we go.”

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