Blockchain technology news

There is a clear green light for new experimentation with the application of blockchain and distributed ledger technology (DLT) in Lombardy, an administrative region in Italy. It will enable to track the checks conducted to protect customers on agricultural products especially beef and dairy product chains in two giant firms in the Valtellina.

Recently, the Minister of Agriculture in Italy, Teresa Bellanova, commented on innovative technologies such as cryptocurrencies, blockchain and distributed technology and their relevance to Agrifood products.

After more than a decade of blockchain being used only for Bitcoins (BTC) and other cryptocurrencies, Italy has finally realized that it can have countless applications. Now, the country is actively developing the technology-based solutions for agrifood suppply chain.

On Wednesday October 9, 2019, the United Nations International Children's Emergency Fund (UNICEF), an agency that provides emergency food and healthcare to people globally, declared its plan to create the UNICEF Cryptocurrency Fund with the aim of supporting open source technology.

As of late, security and scalability have been the two hottest topics in the blockchain space.

For a large number of Italian Chief Procurement Officers (CPOs), Industry 4.0 technologies including blockchain or distributed ledger technology, cryptocurrency, internet of things, mobile devices, etc. will be of great impact: including Robotic Process Automation which will be crucial for 35% of managers. The purchasing sector, one of the key areas for employment in Italy, with more than 50,000 employees, is facing a crucial period of change. However, the country needs to focus on corporate reorganization and investment in skills.

Walmart is collaborating with IBM’s Food Trust initiative to improve the supply of delicious seafood shrimp from India. Walmart also promised to help small seafood exporters to attain Best Aquaculture Practices (BAP) certification to improve product competitiveness on the global market.

Twenty years since the introduction of cloud computing, Small and medium Enterprises are Embracing technology Globally. In Italy, many firms adopted technology to improve business efficiency. IBM introduced business hubs focusing on integrating computing for Small and medium-sized businesses in Italy.

The Indian government is planning to develop effective contracts using innovative technologies including blockchain. Agreement implementation is a main engine of an economy where all financial dealings such as transactions, are principally agreements among the participants, such as companies, governments, organizations, etc.