Blockchain technology news

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).

The University of Padua, the second-oldest university in the country, is trying to achieve portability of educational qualifications like a smart degree with new technologies such as blockchain. They are targeting to lessen bureaucracy, increase speed and transparency in service delivery.

The giant shoe producer New Balance Athletics Inc. announced on October 17 the roll out of an experimental trial to track the genuineness of its latest sports shoe with blockchain tech to offer reliance and attribution for each customer.

MasterCard Incorporated, an American global financial services firm and a payment processing giant, has recently declared some important principles for its work with groundbreaking innovations including blockchain technology.

The United Arab Emirates (UAE) government is considering using futuristic technologies including blockchain or distributed ledger technology (DLT) in more than half of its operations in the near future.

The German soccer giant Bayern Munich Football club has reached an agreement with a blockchain company to form a sports licensing platform. The football club plans to sell digital collectibles customized with the initials of Bayern Munich FC players using the advantages of Blockchain technology.