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The Isle of Man's Department of Economic Development (DED) 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.
However, the "proof of concept" is not intended to rival any future directory introduced by the island's Financial Supervision Commission (FSC), the DED said in a statement.
I know they're not trying to create a new currency. But one thing could lead to another...
Could this be a start of a trend?
Full article here http://www.coindesk.com/isle-of-man-trials-first-government-run-blockchain-project/