Blockchain technology news

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.

Using algorithms, blockchain, cryptocurrency and other innovative technologies, Italians and other people across the entire world will be able to travel with a unique digital identity. In ten years to come, passengers in international air transport will increase to around 1.8 billion (+50%) compared to the 0.85 billion passengers that were available in 2016.

Several developed countries, like the United States, China, Russia and others, see Bitcoin and other digital currencies as speculative tools. They think investors will only become rich or benefit if they invest and wait for probably like five, ten, fifteen or even twenty years along the line. Nevertheless, some countries look at cryptocurrencies as a new, fast, secure and easy means of payment, especially when carrying out cross-border payments. In this technological era, smaller countries globally have continued to embrace the use of blockchain and cryptocurrency.

According to the Minister of Economic Development (MiSE), Luigi di Maio, the protection of Made in Italy will essentially pass for the blockchain tech and the tracking of every single product. Minister revealed this recently while on the occasion of the presentation of the 33rd ICE Report and of the ISTAT-ICE Yearbook. It is appalling to know that the country has around €40 billion of real Made in Italy in the entire world and 100 billion of fakes.

Unlike Bitcoin, Blockchain has a broader scope of application and usefulness. Businesses all over the world are exploring the specific benefits the technology can add to their existing business models. Today we explore the top ten italian companies already using blockchain to improve their business efficiency.

Mercedes’ parent corporation, Daimler AG, a German global automotive company headquartered in Baden-Württemberg, has declared a partnership with four other giant startups including a European distributed ledger tech (DLT) interface, to create a blockchain solutions for cars dubbed a mobility blockchain platform (MBP), a distributed software platform which enables mobility as a facility with end to end encryption.