Blockchain technology news

It is believed that its innovation that has changed the world so far, and that is why new technological products continue to emerge onto the market with each day that passes. Now, the University of Waterloo, Canada, has successfully conducted an integration of distributed ledger tech (DLT) into energy systems, an initiative which may lead to the extended charging setup for electric vehicles (EVs).

Walmart Inc., the American based and world’s biggest firm by revenue, at around $514.405 billion this year, filed a patent focusing on blockchain-backed drones. The company is highly interested and able to participate in innovative technologies including cryptocurrency and distributed ledger tech (DLT).

A good number of countries including the United Arab Emirates (UAE), Italy, Estonia, Ukraine, Denmark and Russia are planning to use blockchain or distributed ledger technology (DLT) to conduct their polls via sophisticated electronic processes and in other vital sectors. As the US presidential elections are getting closer, some blockchain-friendly candidates including Andrew Yang are proposing the use of the technology in e-polling, to avoid vote rigging and manipulation of poll results as what happened in the last elections.

Blockchain and distributed ledger technology (DLT) can revolutionize the art market in Italy through the use of cryptocurrency. The buyer gets not the physical good but a certificate of ownership, so there may be more involved. However, everything take place through platforms and the process has got its own problems and risks.

The United States multinational electronic commerce firm Amazon.com Inc., based in Seattle, is working on integrating blockchain tech in the advertising sector. The e-commerce bull is seeking for a competent software engineer with experience in distributed ledger technology (DLT).

Mastercard Incorporated, the United States based cosmopolitan financial services company with its headquarters in New York, is hunting for around 28 cryptocurrency and blockchain professionals in order to help strengthen its team within the distributed ledger technology (DLT) field. They are ready to hire a wide range of blockchain experts including many senior roles, as the corporation are proposing to be intense on creating digital asset and wallet products. Mastercard deals in services such as offering credit, prepaid and debit card payment services to its massive clients in over 26,000 financial institutions globally.

The United States (US) technology giant IBM has rolled out a new blockchain project dubbed Trust Your Supplier (TYS) and multinational firms including Anheuser-Busch InBev, the UK global pharmaceutical firm GlaxoSmithKline (GSK), US technology company Cisco Systems, Schneider Electric, British telecom conglomerate Vodafone, Chinese tech firm Lenovo Group Ltd and Finnish international telecom, IT & consumer electronics firm Nokia Corporation are willing and able to use and implement this service.

Volvo Cars, a Swedish luxury vehicles firm and a subordinate of the Chinese automotive firm Geely, has manufactured the first-ever cars using reprocessed cobalt delineated with the help of blockchain tech and has further entered an isolated initiative to oversee cobalt from different mineral-rich countries including the DR Congo (DRC), Uganda and others.

Another piece is added in the setting of the Italian Presidency 2019/20 of the European Blockchain Partnership. The Center for Entrepreneurship, small and medium enterprises (SMEs), the Organization for Economic Co-operation and Development (OECD) Regions and Cities, will conduct a study in Italy that will focus on the growth and development of the Italian blockchain and cryptocurrency ecosystem. The study will be financed and supported by the Ministry of Economic Development (MiSE) headed by minister Luigi di Maio, will focus on the implications of this embryonic technology including cryptocurrency on startups and small and medium-sized Italian companies.