Blockchain technology news

The Politecnico di Milano has published a Smart Agrifood Observatory booklet detailing the significant impact of digital innovation on the food traceability process, efficiency and benefits of using blockchain and other innovative technologies for traceability, enhancing food quality and multiplying revenues, opportunities and problems provided by blockchain for product traceability in Italy.

The advantages of blockchain and distributed ledger technology in small and medium enterprises (SMEs) are known and clear, but some are more popular than others. Bitcoin, Ethereum, Ripple are good examples of use cases. Bitcoin is being used by a multitude of SMEs as one of the means of payment.

Blockchain regulation in Russia is still in turmoil, as the technology was proposed to be banned by politicians. However, if implemented properly, it could have prevented a massive leak of personal data from 900K clients of three major Russian banks that happened recently.

The Most Serene Republic of San Marino, a country located on the Italian Peninsula, has finally approved the cryptocurrency and blockchain regulations that will be governing all the innovations and operations related to this technology. A new committee was also formed so as to develop the country’s position as the globe-top hub for innovative technologies. The country is preferably placed to become a worldwide hub.

A new overview of the blockchain sector in Ukraine was recently published by the Ukrainian Blockchain Association (BAU). It highlights the formation phases of the sector and community, goes ahead to examine the firms participating in the market and also underlines the areas where these companies offer relevant solutions. The BAU also examined and analyzed future expectations of all market contributors, as well as the degree of business well-being with cryptocurrencies, distributed ledger technology (DLT) or blockchain and the existing regulations governing the industry.

A platform for property rights protection using blockchain technology has recently been launched in Italy. It will provide storage and digital management services for intangible assets including cryptocurrencies. Customers will also be helped in conducting different strategic matters for the management, conservation and protection of rights, so as to reduce the risks of dispersion and loss of IP rights.

Presently, individuals, governments, companies and large businesses are trying to avoid and disassociate themselves from cryptocurrencies because of their bad reputation. They believe and fear that if Bitcoin is allowed, it could lead to the collapse of traditional fiat currencies. Most governments want to remain relevant and dominant over printing physical money. The life of Blockchain without cryptocurrencies, seems to be a complicated one.

Out of more than 80,000 blockchain projects, only 8% to 10% survived, and this survival rate of the projects paints a bad picture for those interested in setting up their own individual startups using distributed ledger technology or blockchain. We bring you what an investor should do to have a successful blockchain business.

The Made in Italy project aiming at using blockchain to protect goods and services produced in the country, has returned to parliament for further reinforcement. It is a modification to the growth decree, that has brought Five Star Movement (M5S) in the Budget and Finance committees, to resuscitate the issue that had appeared from the draft of the provision before the launch by the Council of Ministers. Other major amendments including internationalization and stabilization of the Made in Italy Plan are also underway.