The biggest social network company Facebook has registered a new firm dealing with blockchain and payments in Geneva, according to popular news outlet Reuters. The Swiss fintech company is reported to be focused on data analytics and investments in particular.
A lot of agricultural projects in Italy have difficulty accessing credit and lack technological skills. Help could come from startups and from blockchain technology which promises to significantly change the future.
In an effort to fight modern slavery in supply chains, major companies are exploring and experimenting with blockchain and distributed ledger technology (DLT). Ascertaining whether products especially minerals including cobalt, gold, copper, etc., are obtained and produced decently is very hard when it comes to supply chains since it is a complex process.
An Ipsos research piece for Digital360 dubbed “From cryptocurrencies to Made in Italy: the image and potential of the blockchain,” that focused its study on the companies’ and people’s perceptions on new technological innovations, shows that 20% of Italians are informed about what the technology is.
In an effort to have zero tolerance for fake Made in Italy products, the government, through the ministry of economic development (MiSE), 5 Star Movement (M5S) and other authorities, is exploring the potential of blockchain and distributed ledger technology.
Blockchain solutions allow tracking goods through the entire supply chain. A large number of consumers in Italy are highly interested in knowing their origin, how these products are manufactured, handled, transported and other important processes being involved. Companies need to up their game to meet the demands of their customers.
The Italian market for cryptocurrency and blockchain technology has positive changing aspects, according to the analysis of the Blockchain and Distributed Ledger Observatory of the Politecnico di Milano. Many individuals, companies, institutions, are waiting for the blockchain opportunities, while others are trying to acquire digital trainings, knowledge and skills to compete favorably in the market. There are interesting indications on the status and projections of Blockchain and other futuristic technologies in Italy.
Futuristic technologies such as blockchain, Bitcoin, cryptocurrency, smart contract and others are the applications that could change the daily life of many people, thanks to this revolutionary novelty and Italy at large for being the first country within the European community to move from theories to practicals. Italy first in Europe to have regulated the two instruments of the future i.e. blockchain and smart contract.
Consob, the government authority responsible for regulating the Italian securities market, has decided to launch a debate on the possible regulation of cryptocurrency, blockchain, initial coin offerings (ICOs).