IoT

The U.S-based technology conglomerate Cisco published a report about Blockchain and revealed that the technology has the potential to store more than 10% of the globe’s total gross domestic product (GDP) by the year 2027. Blockchain will help in enhancing the internet of things, smart cities, and supply chain solutions.

Italy is trying to boost its modernization and latest innovative technologies such as blockchain, cryptocurrency, smart contract, internet of things, artificial intelligence, machine learning and many others. Actually, the in-situ construction sites of the Bi-Rex competence center were officially opened in Bologna, the first ever public-private consortium of 8 planned in Italy by the Industry 4.0 Plan, a major project which targets at bringing digital innovation and big data into the mechatronic sector, Business People reports.

IBM Studios, a gigantic space in fast-developing Italy, will open its doors this March to welcome specialists in AI, blockchain, cloud computing, Internet of Things (IoT), and many other digital technologies. The initiative is aimed at facilitating the process of the digital transformation of the country’s systems.

The latest research from the Smart Agrifood observatory at the School of Management of the Politecnico di Milano gives a clear outlook of the Italian market of Agriculture 4.0. Digital innovations such as Blockchain technology, the internet of things, smart contracts, artificial intelligence and others have entered the Agrifood chain with massive solutions which have triggered competitiveness in the overall industry. Therefore, it has increased the quality and traceability of Made in Italy food products.

Italy has been doing everything possible to make ends meet as far as blockchain, cryptocurrency, artificial intelligence, smart contract, the internet of things and other innovative technologies are concerned. The Italian government passed a set of rules and regulations, launching a main overarching legal foundation for the rationality, validity and enforceability of innovative technologies.

There are several technologies on the market that are dealing with traceability such as blockchain technology and internet of things (IoT) sensors. According to new research conducted by the World Economic Forum (WEF), these two giant new technologies have the ability to support a significant transformation of food systems.

2018 has seen growth in innovation in the fields of Artificial Intelligence (AI), the Internet of Things (IoT) Blockchain technology (DLT) and Machine Learning (ML). It is highly expected that AI, IoT and DLT will see mainstream evolution in the new year – 2019.

Financial technology has gained true respect around the world. Tech experts, as well as ordinary people, appreciate the perspectives and new gains this innovation can bring. Internet of Things (IoT) and Blockchain properties are able to improve and simplify many aspects of a company’s operating system.

Co-founder and CEO of YingZi Technology and former Intel executive has been announced as an advisor to the futuristic Internet of Things (IoT) blockchain chip startup, Skynet.