One of the most state-of-the-art projects established by Italian fashion remains held in the shoals of politics. The blockchain project of the textile supply chain, rolled out last winter by the Ministry for Economic Development (MiSE), to which Sistema Moda Italia (SMI) is also collaborating together with International Business Machines Corporation (IBM), an American IT company, chosen as its technological partner, has actually hopped some strategic steps. And now it remains tentatively on standby, the time variable being a central factor for the success of this technological standard.
At the ongoing Ripple Swell conference, Bill Clinton, the keynote speaker, has revealed his view on Blockchain and his optimism concerning Blockchain technology as a powerful engine for the future. Clinton is strong about the future possibilities of the infant technology, although does emphasize some major concerns in the manner governments are managing it, noting that poor economic and social policy could one moment annihilate the entire sector, if we permit regulators to clampdown.
Among a lot of news from all around the world about crypto market regulation and banning policies, the legal system of the Kyrgyz Republic indeed shows a friendly attitude to the rapidly-developing financial technology. As a recent report states, Kyrgyzstan is set to create favorable conditions for cryptocurrency trading and bitcoin mining.