Blockchain technology news

A lot of people think that blockchain technology is only about Bitcoin (BTC) – which is identified as an encrypted transaction database greatly associated with the utilization of cryptos and is still evolving on a significant scope. Every ‘block of the chain’ has data which is verified and isn’t possible to manipulate or modify without being tracked in real-time, by anybody that has access to it. Distributed ledger technology (DLT) is compared to a communication protocol which will largely cause a revolution in several sectors, like how the internet has changed everything since the mid-90s.

Italy is having mixed reactions to the blockchain and crypto industry, but how do real financial institutions deal with distributed ledger technology (DLT). The Fintech & Insurtech report of the homonymous observatory of the Milan Polytechnic shows that DLT is being highly adopted in different banks operating within the country.

Blockchain technology is being highly adopted in all corners of the world, but Italy seems to be running away from it. Citizens are not sure where exactly the country is heading, some think it's going back to year zero.

Mayor Luigi De Magistris used Bitcoin (BTC) to purchase a pizza at the historic Neapolitan Pizzeria during the Blockchain Napoli project presentation that occurred on December 15, 2018, according to a recent Cryptonomist report.

Italy has been trying to keep pace with technological progress. That is probably the most obvious reason for the country’s government to support the development of blockchain, IoT, AR/VR and other innovative technologies.

LinkedIn has published its annual “Emerging Jobs Report” analyzing the data from Economic Graph and job opportunities companies posted on the social platform. It turned out that the top place is taken by the role of blockchain developer, as its demand has risen by 33 times over this year.

The president of Tanzania, East Africa, John Pombe Magufuli is one of the world leaders trying to fight corruption from all government institutions. He made a surprise visit to the Ministry of Finance the first day he was sworn in as the president, that brought confidence in public towards the war against ‘cancer’ corruption.

Blockchain technology has become quite popular over the last couple of years. Dozens of ICOs and startups are launched every month. With such an extreme hype of the fintech, the popular social network Facebook could not help but join the trend.

Shinhan Bank, the second biggest financial institution in South Korea, is in the middle of launching a blockchain technology-based system developed to lower the rate of human error. This initiative was reported on Monday, December 10, 2018, by The Korean Times.