Blockchain technology is the key phenomenon behind the most popular crypto currencies, such as Bitcoin, Ethereum and Ripple. Italy is the fourth country in the world to use Blockchain and Crypto Coins. So, how does he use this technology?
How does Italy use Blockchain and Crypto Coins?
Italy is competing with countries such as Japan, the US, South Korea and the Netherlands in the use of crypto-currency to conduct transactions and other forms of payment.
The name of the technology that gives, provides and qualifies iyeblockchain. Ensures that all approved and authenticated operations are performed. The network system is unchanging, absolute, decentralized, protected and transparent.
Blockchain is a real revolution that is not limited to crypto coins. The features of this new technology can be applied to many important parts of daily life. Here are some of the areas that are able to use blockchain technology on a daily basis and succeed.
Banking and finance
Blockchain technology, especially crypto coins, is used consistently in this field. Since there is no intermediary in crypto currency payments and transactions, the fees and commission costs are close to zero. A user can perform faster and lower cost transactions.
Now, the banking institutions in Italy are beginning to use blockchain to fulfill their compliance and obligations, ensuring durability and performance in the market.
Insurance
Reducing the cost of fraud prevention and management platforms.
Businesses
Standardizes business management as well as intellectual property for various freelancers.
Health
Medical records can be stored in a shared, secure and invariable database that can be consulted, directed and accessed to medical records. The registration of patient information also encourages the use of blockchain as an important point.
Retail
Improves user experience in stores and makes payments faster and more secure.
Public administration
A secure and shared crypto identification system with quick access to public information. Makes paperwork faster and more efficient.
The municipality of Bari, together with the SIA, a high-tech company, has launched a DLT-based project that aims to cryptosize the application of warranty policies, including public administration processes, to eliminate manual errors and prevent fraud.
Human Resources Management
It allows you to check the authenticity of your old work experience and to prove your background.
Agriculture
It allows you to verify the certification of agricultural products and traceability throughout the entire supply chain.
As Italy is among the top 3 European countries in agricultural production, crypto innovations, especially the blockchain, have a very important place in the competition in the sector.
Automotive
For example, by linking various tools, experiments can be developed for driving with auto-pilot. Blockchain can also help you spot counterfeit spare parts in the market.
Source: Coinidol
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