Blockchain technology news

The United States (US) defense intelligence authority the National Security Agency (NSA) is purportedly designing a quantum-resistant crypto. The NSA has circumscribed it resources and undertakings in the blockchain and cryptoasset arena to track all Bitcoin (BTC) users, and it has even gone ahead to create its own electronic money.

A large sum of European funds was allocated to facilitate cryptocurrency and blockchain-related projects, and Italy and other countries on the continent will benefit from these initiatives. More than €180 million has already been invested in research and innovation initiatives in the blockchain industry. Cybersecurity and the Internet of Things are one of the sectors that have obtained the largest slice of European Union (EU) funding.

Dr. Scott Stornetta is the blockchain co-inventor quoted in the Bitcoin whitepaper written by Satoshi Nakamoto, who created the first cryptocurrency in 2009.

The influence of a foreign country on elections has brought to the fore the issue of blockchain. The government of Italy is trying to examine in detail what benefits technological innovation could bring, however, there are many problems to be faced with the aim of arriving at a universal digital suffrage.

Blockchain technology is finding applications in the field of copyright, both with regard to the protection of the ownership of Intellectual Property (IP) works and for their exploitation for economic purposes. In these contexts platforms such as Tutelio arise on one side and DTube on the other.

Sierra Leone set a record of becoming the first country in Africa to have national blockchain-based ID system. On August 21, the government rolled out a decentralized National Digital Identity Platform that is based on the distributed ledger technology (DLT) and the platform was designed by both the National Civil Registration Authority and KIVA. The launch happened at Radisson hotel in Freetown and was headed by President Julius Maada Bio.

The world’s giant financial and payment card firms Visa Inc. and MasterCard are trying to form a specialized team of digital asset experts or invest in venture firms, particularly in creating their private wallets. Mastercard Incorporated is seeking for professional blockchain engineers plus many other executives in the employment unit of its official website.

The Municipality of Cinisello Balsamo in the Metropolitan City of Milan, Lombardy, Italy, has started adopting blockchain tech in public administration (PA). Now, a maximum of 10 minutes is needed for the whole administrative procedure. This has made the Lombardi region to the vanguard of blockchain and cryptoasset implementation.

India’s second most populous state and third-largest state by area, Maharashtra, is considering adopting blockchain tech in many fields including vehicle registration, document management systems, agriculture marketing and supply chains. The state’s administration is working on a regulatory sandbox for experimenting blockchain and distributed ledger tech (DLT) solutions across different significant applications. It really wants to enhance the efficiency, speed and efficacy of their operations.