Blockchain technology news

Since April last year, the City of Napoli in Italy, has been closely studying the possibility of using blockchain technology in its voting processes, especially in the municipal system. The project seems to be approaching its successful completion, according to the Facebook post made by a team member of the Votazioni Napoli Blockchain.

Topnotch company Nestlé (a food and beverage firm), McDonald’s (a US fast food firm) and Virgin Media Ltd (a UK telecom company) have engaged in the JICWEBS distributed ledger tech (DLT) trial to enhance trust as well as transparency in digital advertising. JICWEBS was formed by the United Kingdom and Ireland media sector to guarantee independence, maverick and affinity of measurement on the web.

The British-Dutch oil and gas company Shell becomes the latest big-name entry into the Blockchain space. The company has announced its plans to leverage blockchain technology to tap into the new markets within the Energy Web Foundation (EWF), an enterprise-grade blockchain platform.

Cinisello Balsamo and Lombardi region have signed a Memorandum of Understanding (MoU) for the application of blockchain technology. In the month of September 2019, Cinisello Balsamo will start the first experiment that the Lombardy Region implements for the application of the blockchain with the measure Nidi gratis.

Blockchain enables us to use Bitcoin in transferring value in a secure, immutable and transparent way. It is now around ten years since when Bitcoin was created by Nakamoto Satoshi, but in this short period, various authorities have managed to come up with ways in which blockchain can be utilized to the fullest. Now, Siemens AG, a German global conglomerate firm and the biggest industrial manufacturing firm in the continent of Europe, has started its journey of evaluating blockchain for different business use cases, such as modernizing the carsharing market.

Italy is considering starting smart parametric policies with automatic reimbursement based on blockchain, smart contract and distributed technology (DLT). The policies will cover the risks related to bad weather, delayed flights and lost luggage. Catholic University and Reply are developing a solution for the issuance of smart blockchain-based insurance policies.

Blockchain technology is a watershed of trust in Italy not only from the available data but also from the increasing sensitivity towards the certification of the goods and services, and this has led to the surfacing of robust consumer attention.

Italy is at the forefront of the Belgium-based distributed ledger technology (DLT) initiatives to test the use of blockchain technology systems and their prospective significance.

Samsung, the leading multinational electronic conglomerate based in South Korean, has launched a new software development kit (SDK) based on the Ethereum blockchain, The Block reports.