Hub

The East African Community has continued to show optimism in developing emerging disruptive technologies including blockchain and distributed ledger technology (DLT).

Twenty years since the introduction of cloud computing, Small and medium Enterprises are Embracing technology Globally. In Italy, many firms adopted technology to improve business efficiency. IBM introduced business hubs focusing on integrating computing for Small and medium-sized businesses in Italy.

In today’s world banks are a mandatory link in the chain of our financial interactions. Banks are unavoidable hubs that are involved in any operation, be it a personal money transfer to a friend or a large scale enterprise deal. But as any hub – banks are centralized. Does it mean that banks have unrestricted access to your hard earn funds? The short answer is – yes, it does.

Malta plans to use a Blockchain-based approach to register rental agreements, according to Prime Minister Joseph Muscat. As the government is trying to bring new rent reform, an announcement has been made that the reforms are going to be completed soon, where all rental agreements will be properly registered on an effective Blockchain network. Malta has for long been considered as a blockchain hub in Europe and the world at large.

Philippines Department of Trade and Industry (DTI) recently signed a Memorandum of Understanding (MoU) with a United States startup, Monsoon Blockchain Storage Inc., to enhance the effectiveness of the technology implementation.

Georgia has concluded a new partnership with engineering firm  IOHK to turn the country into a blockchain hub. The Memorandum of Understanding was made on June 17, and will make the county’s Ministry of Sports, Science & Education apply a variety of 3G blockchain-supported initiatives.

The Most Serene Republic of San Marino, a country located on the Italian Peninsula, has finally approved the cryptocurrency and blockchain regulations that will be governing all the innovations and operations related to this technology. A new committee was also formed so as to develop the country’s position as the globe-top hub for innovative technologies. The country is preferably placed to become a worldwide hub.

Ireland is being seen as the next potential leader as far as the field of Blockchain technology is concerned. As a matter of fact, the majority potential citizens have already started to construct a strong foundation to make the initiative flourish.

Ohio, a state of the US, gave the world John Glenn, the Rock & Roll Hall of Fame and the Wright Brothers and, it is also planning to stake its claims as the “Silicon Valley of Cryptocurrency,” as soon as possible. Ohio – which is also well known by its official nickname “The Buckeye State” is optimistic that crypto and blockchain technology will more significantly reinforce the economy to better standards. Recently, these bulls allied in the fields of investments, innovation, public policy and education. Innovation has played a big part to obscure the bear market of digital currencies especially Bitcoin (BTC). Ohio is more likely to change its official nickname (motto) to ‘The BTC State.’