Blockchain technology news

The first go-ahead for blockchain technology regulation in Italy, and smart contracts amendments to the Simplification Decree, finally happened on January 24. The proclamation was officially released in the Senate & the Italian Parliament on Wednesday, according to the Italian newspaper Sole24ore.

The Ministry of Economic Development checked the establishment of two meetings of groups of experts devoted to the field of Artificial Intelligence (AI) and Blockchain. The meetings held at Tapestry Hall were officially chaired by Patricia Cervantes, the undersecretary for economic development responsible for industry, being assisted by Minister Luigi Di Maio and Daniel Bachman.

Potential entrepreneurs think that in the 2019 framework, Italy will create economic value from distributed ledger technologies. Now, there are 4 potential entrepreneurial strategies, with various risk profiles and levels of value creation for the Italian scheme – in terms of acquisition, transfer of knowledge and job creation. The four strategies include:

During the “Bitcoin & Blockchain beyond the hype,” an event organized by the University of Naples Federico II and the Blockchain Education Network (BEN) association in Italy on January 18, various experts participated including Professors, PhD students and University engineering students.

India holds a big global economy that is now facing a rapid growth of use cases for blockchain and cryptocurrency markets. Taking demand into account, India plans to design a suitable roadmap for distributed ledger technology (DLT) soon or later, according to the report by Financial Express.

The blockchain technology, as a major tool used for large-scale certification of goods on market, is unleashing an undercover bonanza. To compete are the major brands of global organized distribution, which are equipped with internal ecosystems based on blockchain. They have positioned their activities, with a view to spreading the technology, which has made the boom of the cryptoasset, ensuring transparency and unchangeable shared data.

The Ford Motor Company, IBM, RCS Global, Huayou Cobalt and LG Chem are considering employing blockchain to track and corroborate ethically sourced minerals. They aim at creating an open, industrywide network to track and confirm minerals and other significant materials for the automotive and consumer electronics sector in their supply chains.

Iberdrola - the Spanish public multinational electric utility major, has accomplished a project which will largely chip into speeding up the decarbonisation process by using blockchain to ensure that the energy supplied to the user is 100 percent renewable. The first test to ensure the renewable source of the energy supplied was carried out with the financial entity Kutxabank, who were able to trace the actual time that it takes a process to occur, and the source of the power supplied by Iberdrola from the generation point up to the place of consumption.

Wyoming lawmakers have presented a bill that would enable corporations to issue certificate cryptocurrencies instead of stock certificates using distributed ledger technology (DLT).