Society

These days, the banking industry is calling on their users to use digital banking payments instead of cash. According to research, some of the more economically developed countries, like Sweden and UK, will move to a cashless society by 2020. However, why are banks so eager to call on their customers to stop using cash?

Although only lazybones haven’t heard of cryptocurrency yet, society generally still lacks awareness about this type of money. Nevertheless, the number of newcomers to the industry grows on a daily basis. But where to start before investing your money and risking to lose it all?

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).

Digital platforms are spreading more and more with business models based on our data and which, by default, threaten our rights. On the other hand, the privilege to the portability of personal information required by the GDPR assumes an important role for a change.

A LinkedIn survey reveals that the profession of the so-called ‘cryptocurrency and blockchain developer’ in Italy and the United States (USA) is growing very fast compared to other innovative technologies such as artificial intelligence, machine learning and others. As the society inevitably changes, the Italian economy is moving towards Industry 4.0.

A tokenized society in Italy will be among the scenarios created by the blockchain technology where any type of storage of value and public registration can be a token encryption, which can tie to a floating market and further be traded on international digital exchanges.

Fintech startup Hi-Mutual Society, the world’s first decentralized insurance platform for mutual support and assurance, has arrived, courtesy of smart contracts and blockchain technology.

The Central Bank of Norway, Norges bank, last week published a paper on Central Bank Digital Currencies (CBDCs) done by a working group as an eke out to cash in order to ensure confidence in money and the monetary system according to a working paper May 18.

Finally, an advancement in technology that cohorts subjects of the pet-ownership industry. A revolution for complex paperwork, repeated fees and endless waiting - using NEM blockchain to piece together this jigsaw of today's society.