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CLASS

Chinese capitals in the Immuni app for social tracking

May 01, 2020


Abstract : Nuo Capital holding of the group Pao-Cheng has a 2% stake in Bending Spoon. The last version of application is expected to be ready in the next few days. According to what reported to MF-Milano Finanza, the race for those who will have to manage the application data is instead between Sogei and Sia.

MILAN, Apr. 28 (Class Editori) - There are Chinese capitals as well in the company that is developing Immuni, the app chose by the government to track coronavirus-infected people. In fact, last July Nuo Capital decided to support the development of the Bending Spoons app developer. The Pao Cheng Nuo Capital acquired a 5.7% share, together with H14, the Italian family office shareholder of Fininvest and with StarTip, the Tamburi Investment Partners vehicle for start-ups. Currently, Nuo Capital holds a stake of around 2% of the capital. The control and management of the company are however completely in the hands of the four Italian founders (Luca Ferrari, Matteo Danieli, Luca Querella and Tomasz Grebe), who sit on the board of directors together with the financial director Davide Scarpazza.

"Our investment aims at giving a contribution to this successful story which focuses on people, of which we share values and visions. We are also sure that the Bending Spoons know-how will benefit from our solid relations in the Asian continent and in particular in China, by far the most advanced digital society in the world," said in July Tommaso Paoli, the Nuo Capital CEO.

Bending Spoons, selected by the Ministry of Innovation and the Commissioner for the Covid-19 emergency, Domenico Arcuri, has granted the license to use the system free of charge to the Presidency of the Council in open source form. The last version of the application is expected to be ready in the next few days. According to what reported to MF-Milano Finanza, the race for those who will have to manage the application data is instead between Sogei and Sia

Both, the first one 100% of the Ministry of Economy and Finance and the second one controlled by CDP with over 80%, correspond to the identikit traced by the extraordinary commissioner Domenico Arcuri. "The data infrastructure will be public and Italian, the app will respect the privacy rules and beside carring out the task of contact tracing, will also become a tool for the health diary of all citizens who are willing to use it. And it will be on a voluntary basis and it will not be a free exit license," he explained at the press conference. At Palazzo Chigi the preference, according to leaks, seems to go towards Sogei, which manages the data for the tax administration. Within the government, however, there are also those who prefer Sia, a company active in infrastructure and technological payment services.

The decision to rely on a public in-house infrastructure goes hands in hands with the decentralized model towards which Bending Spoons is oriented. In this way, there are less data stored; in the decentralized model they remain in the owners' devices. The app generates its own anonymous identifier which transmits to other devices when it comes in contact via Bluetooth. When a healthcare professional identifies a Covid-19 patient, it provides him with a code that allows the other identifiers collected to be uploaded to the server. By downloading the list of codes from the servers, mobile phones check whether they have been in contact with the positive user. (All rights reserved)

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