Blockchain technology news

One of the most state-of-the-art projects established by Italian fashion remains held in the shoals of politics. The blockchain project of the textile supply chain, rolled out last winter by the Ministry for Economic Development (MiSE), to which Sistema Moda Italia (SMI) is also collaborating together with International Business Machines Corporation (IBM), an American IT company, chosen as its technological partner, has actually hopped some strategic steps. And now it remains tentatively on standby, the time variable being a central factor for the success of this technological standard.

Former United States Democratic Congressman from Tennessee’s 9th congressional district Harold Ford Jr. has suggested that Washington should try to avoid half-measures as far as cryptocurrency legislation is concerned. A successful financial managing director believes that the government has been slow to react to the cryptocurrency and blockchain industry, and thinks that this might damage innovation in the future.

Blockchain technology is playing a big role in publishing and there are some interesting projects underway. The Italian print media and publishing industry is progressively joining the distributed ledger technology (DLT) arena. However, as big companies are trying to use blockchain to enhance their supply chain, the creative industries are testing and utilizing the technology to rise reporters' responsibility and to attempt to get rid of the trust factor.

The European Union is interested in the cryptocurrency and blockchain revolution, a thing that has helped it to put digital innovation at the top of its strategies for the economic development of the continent. Principally, the European Commission has placed at the center of its action the formation of a related digital single market, in the awareness that information and communication technologies constitute the very foundation of all new state-of-the-art economic systems.

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.