Delivered August 22, 2019. Contributor: Caitlin T.
Identify government-funded technology initiatives in Sweden, including specifics on the monetary value of the investment, the reasons for the investment, and any challenges to the effort.
Various agencies of the Swedish government have recently invested in blockchain technology.
Vattenfall, a government-funded energy company in Sweden, has invested in a peer-to-peer energy trading platform built on blockchain technology.
Similarly, Sweden's national mapping and land registration agency Lantmäteriet has recently invested in a blockchain platform for real estate sales and transactions.
The Swedish Central Bank, Riksbank, is also exploring the possibility of creating a national digital currency for Sweden, known as the e-krona. This is in response to Sweden's move toward becoming a cashless society, with digital payments growing rapidly. The bank has yet to decide whether or not to issue the e-krona.
The Swedish government recently published a new Broadband Strategy which set the goal to have the entire country connected to high-speed, broadband internet by 2025.
Specifically, Sweden has set the goal that 98% of households should be connected through broadband internet in their homes by 2025, as well as 100% of businesses. The strategy also includes the goal that everyone in Sweden should have access to reliable and high-quality mobile service wherever they are in the country by 2023.
Sweden is also committed to the roll-out of 5G and is at the forefront of the technology's development.
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