Blockchain technology is quite popular in European nations as many of them have already adopted in several areas. The latest update has come from the Italian postal service provider Poste Italiane which has officially joined the well-known collaborative project Hyperledger community. This initiative is undertaken by The Linux Foundation which has an objective to develop open source standards for Distributed Ledger Technologies (DLT).
Poste Italiane’s membership in this community implies that they have readily accepted to integrate blockchain powered services within their operating systems. This initiative aims to enhance and fortify their digital leadership in the market as well as accelerate the knowledge gathering of new skills and related technologies. The peculiar features of blockchain will help in generating more business opportunities in the coming years.
According to Cointelegraph, the Hyperledger community includes many big shot names of the industry such as Cisco, American Express, Deloitte, Huawei and JP Morgan. The expansion of this community reflects a very positive vibe in the market for the blockchain technology adoption. Probably, this will lead to the development of new products and services based on this emerging technology.
Blockchain Rules And Regulations In Italy
The Italian government recently announced the first set of regulations for the blockchain technology industry which is said to be very essential for the development of this new market ecosystem. The Italian Senate Committee of Constitutional Affairs and Public Works have already greenlit the draft of regulations and it has now moved to another set for pending approvals, as mentioned in Invest In Blockchain.
European Commissioner for Digital Economy and Society, Mariya Gabriel stated that blockchain technology facilitates a wonderful platform for a secured exchange of data and creating new business opportunities benefiting companies. Italy has emerged as one of the blockchain-friendly European nations which are promoting the development of this global technology in order to boost the economy.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]