Transparency

As Blockchain technology continues to gain traction penetrating the sports arena, the eSports Market in Italy in 2018 registered all-time high growth, and also attained a global turnover of around $1 billion. The technology has helped to reinforce the trust and confidence amongst players, fans and supporters, and has further augmented the transparency of transactions, as well as establishing fresh business models in the country.

The cryptocurrency regulatory framework in Italy still has many uncertainties, particularly around tax obligations, in addition to anti-money laundering (AML) and financial transparency onuses and obligations. The Italian tax authorities have offered some indications, but tactlessly they are very far away from convincing.

The newly appointed Chairman of the Supervisory Committee Paolo Savona, during the hearing of the Senate Finance Committee, explained the main points of his project on blockchain. Consob also focuses on protecting savings, Borsa Italiana reports.

The blockchain technology, as a major tool used for large-scale certification of goods on market, is unleashing an undercover bonanza. To compete are the major brands of global organized distribution, which are equipped with internal ecosystems based on blockchain. They have positioned their activities, with a view to spreading the technology, which has made the boom of the cryptoasset, ensuring transparency and unchangeable shared data.

The Ford Motor Company, IBM, RCS Global, Huayou Cobalt and LG Chem are considering employing blockchain to track and corroborate ethically sourced minerals. They aim at creating an open, industrywide network to track and confirm minerals and other significant materials for the automotive and consumer electronics sector in their supply chains.

In May 2018, Facebook created a special brand-new research team to develop possibilities of blockchain technology. If the fintech is to be taken seriously, the tech giant will be able to solve issues with data breaches and enhance transparency and user’s privacy.

The U.S National Institute of Standards and Technology (NIST) has concluded its report on Blockchain technology and alluded that there are fewer use cases to which it should be applied.

BEIJING, Aug. 15, 2018 Facepower Asset Chain (FAC) has rolled out a powerful blockchain facility -- a decentralized idol creation ecosystem -- which enables a public, transparent, self-managed and efficient system for investors, fans and idols.

Argyris Xafis, a famous Greek actor, shows supports for victims of a horrible fire near Athens by collecting donations in cryptocurrency.