The use of blockchain technology to certify the origin of products and trace their production phases has paved the way for a groundbreaking initiative called “Made in Italy.” This global distinctive sign utilizes the power of blockchain to ensure transparency and authenticity in the market.
Ensuring Compliance with the TrackIT Project
To participate in the TrackIT blockchain Project, companies must meet specific requirements. These include:
- Being producers of trademarks associated with Italy as outlined in article 60 UCC (Union Customs Code).
- Being registered with the Chamber of Commerce as an Italian company in sectors such as agrifood and beverages, fashion, cosmetics, interior design, and the design industry for a minimum of three years.
- Having recorded a turnover of at least 20% in international markets over the last three years or maintaining an average annual turnover of at least €200,000 in foreign markets during the same period.
How to Apply for the TrackIT Blockchain Project
Italian companies interested in joining the project must provide information about their activities and ensure their compliance with the aforementioned participation requirements.
Once the online registration is confirmed by the Trade & Investment Agency, companies must submit their applications via certified email (PEC) no later than August 31, 2023. Additionally, they need to include the following attachments, completed and signed by the legal representative of the applying company:
- Statement confirming eligibility requirements
- General Regulation for participating in Italian Trade & Investment Agency initiatives
- Statement in lieu of an affidavit for the promotion and exhibition of goods, in accordance with the regulations for Made in Italy products
The Trade & Investment Agency will admit companies to the TrackIT blockchain project based on the chronological order of received application requests and the availability of slots (limited to 250 participants) after a thorough examination process. Selected companies will be notified officially of their admission.
The Objectives of the TrackIT Blockchain Project
The TrackIT blockchain Project aims to strengthen, promote, and protect the “Made in Italy” label, granting consumers a reliable means to verify the authenticity of their purchases. By simply scanning a QR code or another smart tag, consumers can ensure their products are genuinely certified as Italian.
Apart from guaranteeing product origin and traceability, the project also strives to combat the widespread issue of counterfeit Made in Italy goods, which negatively impacts the national economy. Additionally, the initiative seeks to enhance the international market presence and accreditation of Italian member companies, contributing to the overall economic growth and development of Italy.
To learn more about the TrackIT blockchain Project, visit Ratingperson for detailed information and updates.