Blockchain technology news

A LinkedIn survey reveals that the profession of the so-called ‘cryptocurrency and blockchain developer’ in Italy and the United States (USA) is growing very fast compared to other innovative technologies such as artificial intelligence, machine learning and others. As the society inevitably changes, the Italian economy is moving towards Industry 4.0.

As the use of cryptocurrencies and blockchain technology continues to gain traction in Italy, Carrefour – a French supermarket group – is strongly committed to technological innovation in tracking over 20 of its 300 branded products in its supply chain, and plans to achieve tracking of origin (place of source) of more than 20% of its products being offered by the end of 2019.

The banking bull JPMorgan Chase considers growing a prevailing cryptocurrency and blockchain project such that it can include settlement features with the aim of outcompeting other payment giants like Ripple and TransferWise.

According to reports, various types of companies in Italy have implemented innovative technologies such as Blockchain, the Internet of Things (IoT),  and “Industry 4.0”. Research has shown that 94% of Italian purchasing managers used a fintech at least once.

Innovative technology giant countries such as Malta, Italy, Switzerland, Denmark, and Estonia, are in the top 5 European nations which are friendly to blockchain, Bitcoin and other cryptocurrencies, and have acknowledged the importance of creating a cryptocurrency focused economy. Nevertheless, forming, registering and operating a cryptocurrency firm, how much good the ground is levelled, the crypto businesses in the continent still experience serious problems.

There is no doubt that Italy is registering steady progress in the investment, adoption and use of cryptocurrencies like Bitcoin, Ethereum, etc., blockchain and distributed ledger technology, whether by the public, companies, financial institutions, businesses or others.

Blockchain technology, crypto, the internet of things (IoT) and artificial intelligence (AI) projects are among the major focuses of the Italian government since they are expected to play a big role in transforming the social, economic and political positions of the country. Innovative developments in these fields are registering progress and the country has tried to create a conducive environment for them.

In 2018, West Virginia used the blockchain to conduct voting for a midterm election, and this made it the first U.S state to replace the ballot with a new technology. The state will go forward with the use of blockchain and distributed ledger technology (DLT) in all voting exercises, as stated by Donald Kersey, elections director in the West Virginia Secretary of State’s Office.

Group of young businessmen organize a meeting on the subject of blockchain and its peculiarities at Liuc University, Italy. More and more people have started to feel a need for researching this new financial technology and finding out how to implement it in their businesses.