The intervention of the Italian regulator in the field of distributed ledger technology (DLT) was provoked by several reasons, including the extremely categorical definition of DLT and the need for amendments to smart contracts. The group of experts appointed by the government will develop a national strategy concerning the use of financial technologies in Italy.
Research conducted by IDC last year shows that 75.5% of companies worldwide believe blockchain technology will facilitate their Digital Transformation initiatives for the next half a decade. In Europe, however, uptake is still very low, the percentage of firms which are conducting pilot projects in blockchain makes around 9% of the total number interviewed, according to a report by Tech Economy.
Ethereum’s (ETH) approaching Constantinople upgrade activates vectors for reentrancy attacks, as per ChainSecurity – a smart contract auditing platform, according to a Medium report on January 15, 2019. A reentrancy attack engages a particular function in a smart contract to be called several times before the smart contract is completely performed.
With global cryptocurrency investors hit by a near 18-month period of industry turmoil - the community requirement for a stable investment platform that can mitigate market volatility has become ever more important.