UK housing minister Eddie Hughes calls the government on to focus on the Blockchain technology and benefits it can bring. According to Hughes, Blockchain has the potential to “enable social freedom, to increase efficiency, and to rebuild societal trust.” As a role model for authorities, the minister uses Estonia, which is now considered to be the leader in the Distributed Ledger Technology. His report named Unlocking Blockchain, other than listing Blockchain use cases in details, also refers to AI (Artificial Intelligence) as a key technology to be considered on the par with DLT.
South Korean leading electronics company Samsung announced the implementation of blockchain in a new logistics platform. The project named Cello 3.0 was created by the Samsung’s subsidiary Samsung SDS and built around artificial intelligence (AI).
“We will provide services to global e-commerce sellers with CelloSquare 3.0, which combines cutting-edge IT with Samsung SDS global logistics operation experience”, read more
Enthusiasm for blockchain technology is weakening, according to a recent research by Gartner.
Blockchain is a Little Down Lately
In the report entitled "Hype Cycle for Emerging Technologies" Gartner included blockchain, alongside four other emerging technologies, as one of five innovations that can erode the brink between humans and machines. Blockchain innovation is at the edge of the "trough of disillusionment" stage in the cycle, however, it predicts that the innovation may come to the "plateau of productivity" within the following decade.
Right now is a wonderful moment for blockchain-focused startups willing to expand to the U.K. to do so, and the Department for International Trade detailed, why.
Greenhouse for Blockchain Startups
In its latest update for businessmen wishing to deploy their firms in the U.K., the Department for International Trade reported that Entrepreneur First (EF), a London-based company accelerating startups, is presently funding blockchain projects, too. EF is a government-recognized firm empowered to approve companies for entrepreneur visas.
The University of Malta has signed an agreement with the Malta Information Technology Agency (MITA) to offer a €300,000 ($351,000) blockchain and distributed ledger technology (DLT) scholarship, Times of Malta announced August 29.
Making the Future Bright for the Technologies
The grant is established for students specializing in information and communications technology (ICT), engineering, finance and law. It will be split over 3 years. Students studying blockchain and DLT can apply for the fund to benefit for Master's and PhD researches.