Blockchain for practical application: the world’s latest projects

The report from Cambridge Centre For Alternative Finance suggest that 20% of the world’s central banks would accept blockchain by 2019. Many respondents have not yet planned out a schedule, although confirmed their intention to implement blockchain. The vast majority of the interviewed banks (80%) declared they are going to issue their own digital currency in the future.

European governments plan to increase budget spending on blockchain projects, including but not limited to Wi-Fi4EU technology that will potentially allow free Wi-Fi connection across all the European Union member states. The distributed ledger technologies for various purposes are also pending development.

More news from the payment sector: Mastercard is planning to implement a “uniform settlement system” with the distributed ledger of transactions. The financial giant seems to recognize the possibilities of quick transaction verification the blockchain technology can provide.

In the supply chain sector, blockchain continues to become one of the most perspective optimization and verification technologies. Acknowledging this, Hitachi, together with Mizuho Financial Group, plans to develop a platform designed specifically for overseeing and managing goods supplies.