Transport

The Italian government is focusing its attention on would-be applications of distributed ledger tech (DLT) in the improvement and building of bridges, roads, urban transport, etc.

Using algorithms, blockchain, cryptocurrency and other innovative technologies, Italians and other people across the entire world will be able to travel with a unique digital identity. In ten years to come, passengers in international air transport will increase to around 1.8 billion (+50%) compared to the 0.85 billion passengers that were available in 2016.

FedEx partnered with two other shipping giants, DHL Express and UPS, to become a part of the Blockchain in Transport Alliance (BiTA) and employ the technology to track goods and prevent counterfeits in their supply chains.

The transport and logistics industry in Italy is trying to integrate its operations with blockchain technology. Boston Consulting Group (BCG) believes that in order to achieve this, it is very important for all actors in the industry to collaborate in the formation of the system that will bring confidence and mutual benefits on the entire value chain.

The public transport system in Argentina, the second largest country in South America, is now officially accepting cryptocurrency payments including Bitcoin (BTC) from passengers and travelers in 37 localities across the country. Passengers can now add credit balance to their SUBE travelcards with digital currency.

Associated British Ports (ABP), a privately operated UK port operator, has signed a MoU with freight forwarder Marine Transport International to delve into a Blockchain tech application targeted at enhancing connectivity at the 21 ports it operates.

The swift increase of mobile payment services such as Alipay and WeChat Pay has empowered China's largest cities to transmogrify into cashless communities, allowing consumers to use their smartphones to pay for many goods and services ranging from all sorts of transport and meals to foot massages and movie tickets.

Coin Idol TV news channel is featuring the most relevant news from the world of blockchain and cryptocurrency. Today on our digest: US Securities and Exchange Commission promoted a fake Initial Coin Offering, high school students in the Netherlands are to pass an exam on bitcoin math, Malta will implement block chain to improve the public transport system, two digital currency firms are trying hard to obtain banking licenses.

Cryptocurrencies and the blockchain technology behind them are becoming more and more popular every day. Many companies, as well as countries, want to make use of the new financial technology. Thus, the Maltese government has decided to create a transport and logistics platform using blockchain tech, bitcoinmagazine.com reports.