Spanish Government Allocates $13 Mln To Use Blockchain In Industries
The authorities of Aragon, Spain, have allocated more than 12 million euros ($13 million) to develop the Industry 4.0 project, according to the local media La Vanguardia. The initiative implies the application of AI, blockchain, and other new technologies for production automation and digitalization.
The funds, provided together with the European Regional Development Fund under the Operational Program of Aragon for 2014-2020, are twice the sum previously claimed. These will be spent to analyze, plan and develop industrial activities and projects providing consultative services.
The program is created for the representatives of different industries, including study centers and tech companies, to teach them how to implement innovative solutions in production. Another goal is to assist small and medium-sized businesses in the digitalization of their products and processes, as well as to enable tech firms to advance their research centers. This, in turn, will speed up the digitization of the entire industry.
So, in January of this year, the Spanish car manufacturer SEAT started the cooperation with the Alastria consortium to improve product supply chains using blockchain technology.
As previously reported, the administration of the Spanish port of Algeciras signed an agreement with the technology giant IBM for the implementation of its blockchain solution called Tradelens in the field of maritime cargo.