Extended Monaco: the Monegasque model in a digital world
On 30 April, the Extended Monaco, Smart Principality programme was presented at the Yacht Club in the presence of H.S.H. Prince Albert II. The Prince’s Government delivered its vision of the Principality’s digital transformation, which has been developed over the last 12 months. The priorities of this strategic programme, titled Extended Monaco, are to promote quality of life, deliver a new cycle of economic prosperity and increase the value of public service.
“In a digital world, Monaco is a country that turns its size into a strength, an asset that enhances the performance of our economic and social model, and makes it more sustainable and more human,” said the Monegasque head of state.
Frédéric Genta, the Country Chief Digital Officer, explained the key aspects of this digital strategy. “Extended Monaco is the basis of our future growth – growth which needs foundations: 5G, a Sovereign Cloud, fibre optic...,” Mr Genta said.
The aim of Extended Monaco is to attract companies and business through the development of new technologies such as blockchain, with the help of innovative financing methods. In a bid to become the world leader in environmental initial coin offerings (ICOs), the State is funding a first ICO dedicated to the production of a new documentary film by Luc Jacquet, the Oscar-winning director of March of the Penguins.
Another objective of Extended Monaco is to apply digital technology simultaneously across all public policy areas (health, education, smart city, etc.). “We will train children in digital technology, using digital technology. Our education is a strategic asset for our future, since in a digital world, value is based on intelligence and knowledge,” Mr Genta emphasised.
Finally, to improve users’ experience of interacting with the Administration, the goal is to move all administrative procedures online by 2022.
The Extended Monaco programme will be fully implemented over the next three years.
For more information, see: www.extendedmonaco.com