New policy demonstrates, that the Austrian Research Center International Economics (FIW) judged the possible impacts of computerization of Crypto-currency system, reported on September 28, also was reported by blockchain technology, on the export economy, Cointelegraph auf Deutsch.
Bernhard Dachs managed news from the Austrian Institute of Technology on account of the Austrian Federal Ministry for Digital and Economic Affairs and attracts a positive image of blockchain technology and artificial intelligence (AI).
Dachs cites that blockchain technology would start transactions in exports safer and thereby can be decreased suspicions. In addition, decentralized technology would support to “substantially reduce the cost of processing export guarantees”.
Dachs also noted that blockchain must first be widely accepted, especially in the banking sector, before Austrian import and export relations can reasonably benefit from the technology.
Austria had been ranked as 11th member on the Digital Economy and Society Index. Therefore, the news focuses that science and industry ought to be made stronger in the development of new digital occasions so that Austria can gain a leading role in future innovation. Bernhard Dachs states briefly in last of the report:
"Services in particular can expect significant gains in automation and tradability from new technologies such as blockchain or AI, which will provide significant momentum to these industries. The development of new service offerings could prove to be a growth driver for Austrian companies ".
Major companies globally have definitely started to play its role in distributing ledger technology (DLT) in logistics and supply chain steps. The first pilot projects of IBM and the logistics company Maersk to organize existing freight documents in a blockchain; are being systematized The port of Hamburg, Germany is also recently introducing a project called HanseBloc, which will purportedly to be made sure to secure electronic exchange of bill for those things which are carried by ships through blockchain.
With Blockchain and AI
JD.com Is about Start Institute To Build ‘SmartCities’
Jingdong Group (JD.com) belongs to Chinese e-commerce company that scrutinizes on new technological implementation in e-commerce, logistics, and finance. With the new Institute, JD.com wishes to organize the development of “smart city” construction with the usage of artificial intelligence (AI), blockchain technologies data at large scale.
The company’s first legal headquarters in Nanjing will influence “the entire East China region” and aims to reduce industry costs and increase efficiency. The news mentions that the company is [paying attention on:
“Advanced Intelligent solutions in the areas of urban environment, transportation, planning, energy consumption, commerce, security, healthcare, credit cities, and e-government.”
JD.com has worked on blockchain technology in several ways of business, from its logistics and supply chain, to issue blockchain reversing asset securities.
In August, JD.com unveiled new Blockchain-as-a-Service (BaaS) path. The new tool, named JD Blockchain Open Platform, will purportedly make powerful businesses to build, host and implement blockchain solutions without having to organize the technology from scratch.
A Chinese conglomerate with operations in insurance, banking, and financial services and one of the world’s largest insurance company groups, Ping An Insurance, issued report a “White Paper on Smart Cities,” which reason is to “support the government to make new model of ‘city as a service’ governance.”
Mark Peter is a full-time member of the reporting team at Bitconews. He is a finance major with one five of writing experience. He has not held any value in Bitcoin or other currencies. He joins Bitconews as a freelance journalist, blogger and forex trader.
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