Sberbank, Russia’s largest state-owned bank, expands and installs blockchain-based ATMs to expand contactless transactions. Thanks to the distributed ledger tech (DLT), the ATMs will provide effective, safe, secure and fast touchless transactions and also offer a significant security and performance level.
As the world shifts from one generation of technology to another, the applicability of blockchain technology only becomes more clearly revealed. The recent advent of 5G technology shows a perfect match with blockchain.
The technology has become a primary area for several nations to the extent of being used in the fight against deadly diseases such as coronavirus. The present international blockchain network and sector are still in the early phases of development, presenting better development scenes and facing many problems here and there, as listed below.
Let’s analyze the objective and most interesting legal issues in the field of blockchain technology, particularly smart contracts, based on a report dubbed "Smart contracts: A legal analysis", published by the Blockchain & Distributed Ledger Observatory of the Politecnico di Milano. Also, the responsible authorities in Italy will discuss this report on Friday 17, 2020.
Investor and analyst interest in derivatives (futures) has been rising significantly since bitcoin (BTC) derivatives trading volume hit an all-time high last month. According to CME Group data, on January 16, there were 5,328 contracts for outstanding futures, amounting to 26,640 BTC (approx. US$237 million). This figure is said to be the highest since CME futures were first introduced in December 2017.
As a lot of people in the traditional financial industry are trying to lend a deaf ear to disruptive technologies such as Bitcoin (BTC), cryptocurrency, smart contracts, blockchain, and others, the companies and people trying to innovate these technologies are continuing to work day and night to see that there is visible steady technological progress. In fact, the finance sector is bustling with significant activities ranging from ‘cryptocurrency for good initiatives and inventive investment funds to digitized securities.
From a more technical point of view, a token can be understood in the same way as an algorithm implemented as a Smart Contract, executed on blockchain. Each Smart Contract contains an address list that allows you to find those who can have the tokens and their balance.
The Italian Society of Authors and Publishers (SIAE) obtains the first place in the ministry of economic development (MiSE) rankings with a project dubbed "Copyright management on 5G networks with Blockchain." The ministry is trying to fund and support disruptive technologies including smart contracts, DLT, cryptocurrency, artificial intelligence (AI), internet of things (IoT).