Blockchain technology news

Thai government agency NECTEC has created a distributed ledger technology (DLT)-based solution set to digitalize the voting process in Thailand. The tech unites e-voting in close groups and the traditional balloting. In case 5G is adopted, every voter shall be connected to the voting platform.

Recently, the Ministry of Economic Development in Italy, headed by Luigi di Maio, selected 30 high-level experts to form a blockchain technology development committee.

Besides the management of financial payments, money transactions or insurance applications, the Italian path to the development of the country’s strategy in Blockchain technology and Artificial Intelligence (AI) is now in the hands of experts that will meet in January 2019.

The Minister for Economic Development in Italy, Luigi Di Maio, appointed a team of experts to explain the national scheme and strategy on Blockchain technology.

In May 2018, Facebook created a special brand-new research team to develop possibilities of blockchain technology. If the fintech is to be taken seriously, the tech giant will be able to solve issues with data breaches and enhance transparency and user’s privacy.

Just like any other significant financial market in this globe, the crypto industry has a lot of predictions and prophets of all colours. The year 2018 started with Bitcoin (BTC) trading around $15,000 which made several investors optimistic about the future of cryptocurrencies. Various forewarnings related to BTC didn’t come to pass by the end of 2018, although the majority successfully proved somewhat naturalistic. Let’s take a drive to some of them.

2018 has seen growth in innovation in the fields of Artificial Intelligence (AI), the Internet of Things (IoT) Blockchain technology (DLT) and Machine Learning (ML). It is highly expected that AI, IoT and DLT will see mainstream evolution in the new year – 2019.

Blockchain technology has found applications in many industries, even the most unexpected. A recent study revealed that blockchain is going to become a disruptive force in the automotive sector. A major breakthrough is expected to happen within the next three years.

A Singaporean company is trying to find a permanent solution for locating data after a plane has crashed. This comes after flMH370 went missing. Flight MH370 carrying 239 people on board was reportedly coming from Kuala Lumpur to Beijing on Saturday March 8, 2014.  There is no available data about what really occurred since the information was kept on the plane in a device called the black box.