Equigy, a blockchain platform for managing batteries connected to the electric grid, is expanding its operations in the European Union. Ecologic technology news outlet, Green Tech Media, reported on May 29 that three major European Union’s electricity transmission system operators, or TSOs, joined Equigy’s platform. More precisely, TSO with operations in Germany and the Netherlands TenneT, Swiss TSO Swissgrid and Italian TSO Terna all joined the network. According to company data website Owler, TenneT has an estimated annual revenue of $1 billion, while Terna $2.3 billion. Furthermore, Energinet — a Danish TSO with an estimated annual revenue of $8.6 million …
Seven southern European Union member states have released a declaration calling for help in the promotion of Distributed Ledger Technology’s (DLT) use in the region, the Financial Times (FT) reports Dec. 4. The declaration was reportedly initiated by Malta and signed by six other member states, France, Italy, Cyprus, Portugal, Spain and Greece, during a meeting of EU transport ministers in Brussels on Tuesday. The participating governments explained that DLT –– one type of which is blockchain –– could be a “game changer” for southern EU economies. Namely, the document cites “education, transport, mobility, shipping, Land Registry, customs, company registry, …
The Italian Banking Association (ABI) has revealed they successfully passed the initial phase of testing their blockchain-powered interbank system, Italian financial media outlet Ansa reported September 29. By applying distributed ledger technology (DLT), the group of 14 Italian banks is planning to improve interbanking processes. Specifically, the association intends to boost the processing time of operations, increase the transparency of banking information, and enable the verification and exchange of information directly within the application. According to local Italian source Corriere Nazionale, the application of blockchain technology will also assist in specific aspects of banking operations that usually involve a number …
Cryptocurrencies like Bitcoin (BTC) are not new to the sports industry. Some NBA teams began accepting BTC as payment for tickets as early as 2014. Since then, the relationship between sports and crypto has been rapidly evolving. Today, a firm that claims to be the world’s first ever crypto exchange for sport tokens has rolled out trading for its first sports-focused coin. Chiliz.net, a Singapore-based sports blockchain venture and crypto exchange, has listed Juventus Fan Token (JUV), a blockchain token released by Italian professional soccer club, Juventus, in collaboration with sport-focused token platform Socios.com. Chiliz CEO says that Chiliz token …
Italy is about to enter the European Blockchain Partnership, according to the country's Member of Parliament (MP) Mirella Liuzzi, as cited by Cointelegraph Italy Thursday, September 27. According to Liuzzi, the partnership — a collaboration of 26 EU countries — will be signed by the Minister of Economic Development, Labour and Social Policies Luigi Di Maio on September 28 in Brussels. In an interview with Key4biz, Liuzzi added: "Joining the partnership will allow Italy [...] to define its own line in the development of [blockchain] technology — a practice which the previous government had never implemented". Luizzi, the MP from …