Blockchain technology news

The Asia region is known for its contradictory relationship towards blockchain technology plus cryptocurrency and its decentralized nature. Some countries such as China, Japan, Singapore, Hong Kong, South Korea, etc., embrace it for its innovativeness and disruptive potential, while others try to strictly regulate or even ban it.

The update of the agreement for the maintenance of joint accounts between banking institutions regarding the interbank check was finally approved. This allows in perspective the running of the check process in a new way, i.e. using the technology based on distributed registers, the so-called blockchain, starting from March 2020. The financial technology brings new step for banks and other institutions in Italy.

IBM announces the launch of the IBM Blockchain Platform upgrade, which features a novel extension for Visual Studio (VS) Code, a wide range of industry code models and important tutorials, and the capability to effortlessly change rom development to experiment to production from within one console. The malleable blockchain-based platform is designed on a well-fared open source blockchain which can execute in almost any structure.

The Malta Financial Services Authority (MFSA), together with the Financial Intelligence Analysis Unit (FIAU), recently published a Guidance document for financial institutions creating accounts for financial technologies (fintechs). The aim is to encourage innovations including cryptocurrency and blockchain within the fintech sector, and protecting the integrity of the financial market.

Georgia has concluded a new partnership with engineering firm  IOHK to turn the country into a blockchain hub. The Memorandum of Understanding was made on June 17, and will make the county’s Ministry of Sports, Science & Education apply a variety of 3G blockchain-supported initiatives.

The South Korean multinational conglomerate based in the capital Seoul, Samsung, will invest in sixth-generation (6G) networks on top of other semiconductors, and this could play a role in changing the face of blockchain technology, according to the company’s Vice Chairman Jay Y. Lee.

The Research Center on Technologies, Innovation and Financial Services (CeTIF) - Catholic University and Reply, together with a group of giant financial banking institutions including Banca Mediolanum, Popolare di Sondrio and Ubi, as well as the popular Italian insurance companies such as Mediolanum Assicurazioni, Cargeas Assicurazioni, Nobis Filo Diretto and Reale Mutua, have finally decided to work together on a solution for the issuance of smart insurance policies based on blockchain and smart contract technologies.

As Italy continues with its vision of being Europe's innovation and technology hub, the Municipality of Naples has made a resolution on Blockchain and Cryptocurrency. Now, the crypto community is eager to see how this project will continue to grow. Various accountants, universities, the CNR and many other giant institutions joined this project. The tenacity was received with amusement, but the city of Napoli has proved for another time that it is ahead of the others in integrating law and economics, finance and social participation.

In the effort to achieve zero tolerance to carbon dioxide emissions using blockchain and other groundbreaking technologies in Italy, the international certification authority DNV GL partnered with VeChain, a giant technology service provider, to establish a platform with the potential to apply the technology and reduce the bi-oxygen demand (BOD) and other carbon emissions.