Blockchain technology news

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).

The Italian government is focusing its attention on would-be applications of distributed ledger tech (DLT) in the improvement and building of bridges, roads, urban transport, etc.

The primary feature of blockchain and distributed ledger technology (DLT) is that its configuration makes it possible to guarantee that the data contained is not subject to third-party tampering, having a key system which enables an almost unbreakable security.

High Tech Computer (HTC) Corporation, a Taiwanese consumer electronics firm based in the New Taipei City, recently unveiled a new entry-level blockchain-based smartphone dubbed the HTC Exodus 1S that is basically targeting digital currency users and investors.

The Deputy of Five Star Movement (M5S), Jose Marano, brought a proposal to create complete traceability of Sicilian food products inside and outside Italy through Blockchain and distributed ledger technology (DLT).