Blockchain technology news

The Italian Ministry of Economic Development (MiSE) established a working group to explore artificial intelligence (AI) and blockchain possibilities to boost the country's development. The two groups of experts will be responsible for outlining regulatory frameworks and application scenarios that will help in creating the national strategies that will be sent to the European Commission.

Blockchain, cryptocurrency and distributed ledger technology (DLT) represents a technological revolution, but the utility of this innovation is not yet known by many people. It will change the future of Italian companies.

The giant Italian bioplastic manufacturer decided to explore blockchain and distributed ledger technology and its potential for its sustainable production. A startup called EarthBi has chosen the blockchain for ensuring characteristics and tracing its manufactured bioplastic products in Italy.

Blockchain, cryptocurrency, and other innovative techs have significant disruptive potential. Within the course of time, this fact becomes obvious not only for community enthusiasts but also for traditional industry players. That is probably the major reason for world electronic bulls to explore the innovative possibilities to boost their own progress.

Blockchain and distributed ledger technologies (DLTs) are becoming known and adopted by a wider audience including banks, government, companies and others, daily. However, most people and institutions, have been confusing these two terms – they actually don’t know the differences between these two technologies. Let’s dig into it.

New innovative technologies such as blockchain, distributed ledger technology (DLT), cryptocurrency and others have been adopted today in various fields of life. The speed of disruption is increasing in the investment field. When the companies and societies become extremely interested, can easily suffer from disintermediation and their commodities or services can become archaic or face some challenges.

New innovative technologies such as blockchain and distributed ledger technology adopted in day-to-day activities, continue to stand the test of time. With the growth of the giant companies turning to adopt Blockchain the trust in the future of this innovative technology grows respectively.

The issue of security in Italian legislation has continued to be a major focus ever since blockchain, distributed ledger technology and smart contracts were legally introduced in the simplification decree back in February 2019. Thus, basing on different potential technology, there is no single Blockchain, but instead, there are multiple chains.

The use of blockchain, artificial intelligence (AI) and other major innovative technologies in public administration (PA) is a significant factor that will help in enhancing the transparency and quality of services offered to the Italian citizens. Recently, the government of Italy has taken many steps to implement strategic projects such as a 3-year plan for public information technology, industry 4.0, made in Italy, smart city and others.