Blockchain technology news

Experimentation with blockchain and distributed ledger technology (DLT) continues with big players in the Italian energy and gas industry making transactions using the disruptive means.

Blockchain and distributed ledger technology can be a revolution for dog breeders in Italy. The technology can be applied to any animal identifiable by microchip or other identification system, helping to counteract phenomena like abandonment, clandestine trade, genetic diseases and mistreatment.

CeTIF Università Cattolica decided to bring blockchain into play in Italy with a significant project dubbed the "Digital sureties (Fideiussioni Digitali)" aimed at reducing fraud, increasing efficiency in information workflows and developing new forms of information sharing.

The blockchain is not just Bitcoin and cryptocurrency. The cryptocurrency is in fact only one of its possible applications.

The birth of cryptocurrency including Bitcoin traces back to the times of the Bretton Woods system of monetary management back in the 1970s. However, regardless of its positives, the system had some weighty weaknesses that ultimately led to its end on August 15, 1971.

Some Italian companies that produce agrifood are starting to use innovative technologies especially blockchain to track the transformation of sustenance. The distributed ledger technology (DLT) will help to improve safety within the food industry.

Blockchain-powered Agriculture 4.0 is advancing in Italy and now the Sicilian Red Orange PGI is protected against counterfeiting thanks to a 'hi-tech stamp' and a platform centered on distributed ledger tech (DLT) that can thus ensure the authenticity and integrity of the fruit in Italy and abroad.

The central Bank of Italy (Bankitalia) recently addressed the topics of bitcoin, cryptocurrencies, Blockchain and distributed ledger technology (DLT), in a detailed paper, as well as investigating the impacts of the new European directive on payment services, also called Payment Services Directive 2 (PSD2).

Most, if not all, digital systems are exposed to cyber security risks, thus, it is vital to innovate solutions to protect them and record proof of possible attacks.