Companies

In the development paths of Industry 4.0 the Blockchain is called to play an increasingly important role and it is now clear that this technology can allow many Italian companies to find new forms of efficiency and new competitiveness. However, the big theme and challenge is to clearly identify where and how the blockchain brings new value.

One of the great advantages that Bitcoin has is that it is decentralized, and hence not controlled by any central agency. Cryptocurrency gives exceptional capabilities to counterspy on and command what individuals do, and putting that authority to a few persons or companies is not only extremely dangerous but also unsafe.

Blockchain technology is playing a big role in publishing and there are some interesting projects underway. The Italian print media and publishing industry is progressively joining the distributed ledger technology (DLT) arena. However, as big companies are trying to use blockchain to enhance their supply chain, the creative industries are testing and utilizing the technology to rise reporters' responsibility and to attempt to get rid of the trust factor.

Several Bitcoin (BTC), cryptocurrency and blockchain advocates have been trying, without much success, to get regulatory authorization for funds so that cryptocurrency like bitcoin can be brought to potential investors. Two giant companies are now considering using a temporary fix.

Romania-based web hosting provider GeeksHosted has now added Bitcoin and 50 other altcoins as a payment method for their products, enabling for a vast range of payments in both regular currency and cryptocurrencies.

Cloud-based instant messaging and voice over IP service Telegram considers whether to roll out a cryptocurrency dubbed Gram with high determinations and a snug limit of two months. However, for this project to thrive, the company must fulfil what regulators need before October ends, a thing that looks challenging, The New York Times reports.

The Italian Companies and Exchange Commission (CONSOB), a government agency that regulates the securities market, has started a process that should lead to regulatory intervention for Initial Coin Offerings (ICO) and cryptocurrency exchanges. But the final decision on blockchain-related operations lies with the government and Parliament.

The topnotch multinational social networking service provider Facebook, has engaged a lobbying company based in the State of Washington, United States amid the augmented Congressional and regulatory backlash the American technology giant has seen because of its future Libra Cryptocurrency project that is expected to be launched in 2020 once it meets all the necessary regulatory approvals.

Walmart Inc., the American based and world’s biggest firm by revenue, at around $514.405 billion this year, filed a patent focusing on blockchain-backed drones. The company is highly interested and able to participate in innovative technologies including cryptocurrency and distributed ledger tech (DLT).