Blockchain technology news

The United Kingdom based professional service company Ernst & Young (EY) offers a blockchain based solution for tracking wine in order to help customers confirm a products’ quality, class, source and validity.

The 2019 European election is finally over and the elected representatives of the Five Star Movement (M5S), a political party in Italy founded in October 2009, will occupy the 14 seats available, however, the results show a drop in preferences for minister Luigi Di Maio, a popular cryptocurrency and blockchain enthusiast. Barred from the cutting-edge policies and stunned by hullabaloo after falling back on a position at the Ministry of Education, Dino Giarrusso becomes the most voted candidate in the M5S. The names of the candidates with vision for the North West, North East, Center, South and Islands districts in Italy are also being picked out.

On a daily basis, more than $5 trillion are exchanged in financial markets within Italy. From a few years ago, fake platforms have been advertising themselves by persuading users that they will get quick gains, and in the process, they have fallen victims by losing their money to the fraudsters. Considering the widespread of these malevolent platforms, the victims and the crypto community at large have decided to organize relevant training on Bitcoin, cryptocurrencies and blockchain technology, aiming at preventing and reducing scams polluting the industry.

Many SMEs in Italy and other parts of the globe use Bitcoin, cryptocurrency, blockchain technology and other major innovations in their daily operations. Small and medium-sized enterprises (SMEs) are companies whose size falls within certain pre-established occupational and financial limits.

Today, there are a number of governments, institutions and individuals who publicly claim to be only interested in and supportive of blockchain technology not Bitcoin. Like it or not, you have heard it somewhere or even said it yourself, and the audience understands what you are actually trying to mean, they know that you are talking of blockchain, the technology behind BTC and cryptocurrency as a whole.

LVMH is set to be the first group in the luxury industry to adopt blockchain technology and DLT for traceability and large-scale product authentication in Italy. The French luxury giant, between the months of May and June, should roll out Aura, a blockchain network for the authentication of its products that will initially be reserved for the Louis Vuitton and Perfumes Christian Dior brands, but which in the future could be extended to all other brands controlled by the group.

Cryptocurrency traders all over the world go wild for Bitcoin without paying attention to its underlying technology. Italy is no exception. Despite the significant efforts the country puts into adoption and application of blockchain, ordinary community members tend to focus on the digital currency based on it.

Italy has always been at the forefront of innovation and security. An Italian startup plans to apply blockchain to baby nutrition safety. The company promises to ensure the safety of 90% of the ingredients used in nutrition products for children within a year.

The number of fake cryptocurrency and blockchain tech apps in the Google Play Store increases along with the Bitcoin (BTC/USD) price. The cyber-criminals tend to up their dirty games when the cryptocurrency prices rise by creating different scams and malevolent crypto-related apps.