Blockchain is Used to Track the Origin of Products in Italy
As the use of cryptocurrencies and blockchain technology continues to gain traction in Italy, Carrefour – a French supermarket group – is strongly committed to technological innovation in tracking over 20 of its 300 branded products in its supply chain, and plans to achieve tracking of origin (place of source) of more than 20% of its products being offered by the end of 2019.
Blockchain will Stop Fraud: Falciani Creates his Own Crypto
Frenchman whistleblower Hervé Falciani, the ex-mole of tax evaders, officially presented his blockchain-based project aiming to fight fraud and money laundering. The former UBS senior system engineer, who published the 'top secret' list of tax evaders that had financial accounts at the branches of the Swiss bank in the 2008 Valencia Polytechnic University bang, went in exile in the city of Madrid, Spain. Falciani became famous as the HSBC former employee.
Spain: Iberdrola Uses Blockchain Technology in Renewable Energy Sector
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.