Italian Postal Service joins Hyperledger Blockchain group

As per the latest reports revealed during the last week, Poste Italiane, The Italian postal service provider, has joined the Hyperledger blockchain community.

Linux Foundation, a non-profit technology consortium has established Hyperledger whose main motive is to form an open source standards for blockchain and Distributed Ledger Technology (DLT). It has already partnered with various industry giants that include American Express, Cisco, Intel, JPMorgan, Deloitte, and Huawei.

In the press release, Poste Italiane stated that such combined effect had been taken as a part of their Business plan known as ‘Deliver 2022’ which involves the acquisition and acceleration of latest technology in the agency’s operations.

Further, as per the announcement, their major focus was to deal with issues related to data protection and stated that the blockchain technology is “an effective response to the problems of security, transparency, interoperability and privacy.”

FedEx, American courier delivery services leader, had joined hyperledger in September 2018. Fred Smith, FedEx CEO, had then stated that blockchain technology has “big, big implications” for supply chains. He further added that “We’re quite confident that it has big, big implications in the supply chain, transportation and logistics.”

In December, Italy had shortlisted 30 blockchain high-level experts to work on the nation-wide blockchain strategy. Particularly, Earlier this week, a committee based on the Italian Senate had approved an amendment pertaining to blockchain regulations that would offer an explanation about DLT-based technologies and smart contracts. The amendment also says that a blockchain-powered digital data record would be able to validate the legal documents during the time of registration.

Although, the plan has been approved by the Senate’s “filter committees,” it also needs to be approved by the Chamber of Deputies and the Senate of the Republic. As soon as the judgment is passed into law, the legislation technical aspects would be managed by the Agency for Digital Italy that is under the control of the Presidency of the Council of Ministers.