Blockchain technology news

Privacy is one of the new technological trends of the last year. More and more important companies are shifting this functionality into their core business, even the big giants like Google, Facebook and Amazon.

Blockchain, smart contracts and incentive mechanisms on cryptocurrencies have big abilities in terms of environmental and social sustainability in Italy, nevertheless, it is necessary to keep in mind that technology is only a tool and that only if correctly applied will it really facilitate the adoption of “green” and fair. Let’s then examine the opportunities offered by the distributed ledger technology (DLT).

The Italian political party Five Star Movement (M5S) is now planning to use innovative technologies including blockchain and distributed ledger tech (DLT) to stop buses and track crimes.

Coop and IBM today announced the first results of a journey that began a year ago, with the launch of a "Call for Ideas" dedicated to the application of blockchain technology to the food chain and in particular to the production of Made in Italy brand eggs.

The Italian government is trying to bring about inventions related to Blockchain and distributed ledger technologies (DLTs) that are mostly software and concern systems aimed at improving the functionality and reliability of networks such as enhanced authentication systems and communication protocols, and the efficiency of hardware incorporating these technologies like algorithms.

The Republic of San Marino, an enclave surrounded by Italy in Southern Europe, where anyone making use of Blockchain systems can now apply to the Institute for Innovation of the Republic of San Marino for recognition as "Blockchain Body," pursuant to Delegated Decree no. 86 of May 23, 2019 entitled "Blockchain Technology Standards for Companies" which introduces transparent, clear and simple regulation, providing specific rules for the different applications of distributed registry technology.

Recently, a statement came from Certification of Raw Materials (CERA), the certifying authority for raw materials, announcing that it had implemented a distributed ledger technology (DLT) and blockchain system to trace and track minerals, and many other valuable materials in Italy, U.S. and other parts of the world. The largest automaker by worldwide sales in 2016 and 2017 based in Germany Volkswagen, is also part of CERA.

Ford Motor Company, an American multinational automaker, is planning to extend its plug-in hybrid electric vehicle (PHEV) test in different zones including Cologne, Italy and other parts of Europe. It will further explore how groundbreaking and advanced geofencing, distributed ledger tech (DLT) and blockchain could be of help in making accurate tracing and upturning the total amount of “green miles” compelled by automobiles.

Starting from next year, Deutsche Telekom AG, the largest telecommunications provider in Europe, will simplify life by providing its business clients with a distributed ledger technologies (DLTs) facility called German Blockchain Ecosystem (GBE).