The draft of the Legislative Decree Simplifications circulated on Monday by the Italian Ministry of Economic Development (MISE) includes important news regarding the legal validity of certifications through the blockchain technology and the structure of the announced national venture capital fund, which will be managed by Invitalia Venture sgr, once it will passed under the control of Cassa Depositi e Prestiti, the Italian National Promotion Institution.
On the first front, the art. 2 defines the "technologies based on distributed registers" (ie blockchains) and establishes that "the sharing of an IT document through the use of technologies based on distributed registers produces the legal effects of the electronic time validation r