

FEDERITALY to Use Internet Computer to Verify Products “Made in Italy”



Dfinity's partnership will help certify and validate the authenticity of products guaranteed by FEDERITALY.
Dfinity to Brand with FEDERITALY
Dfinity has announced a partnership with FEDERITALY to use the technology of the Internet Computer to verify products “Made in Italy” and confirm product labels on the blockchain.
FEDERITALY is a non-profit clothing federation that will incorporate the security, speed, and trust of Dfinity’s Internet Computer to certify that products are “100% Made in Italy,” according to a press release shared with BSC News. FEDERITALY will give each product a QR code that will hold the blockchain data on the Internet Computer which corresponds to the product label, guaranteeing the accuracy of the label.
“FEDERITALY has protected Italian entrepreneurship for decades, this partnership with the DFINITY Foundation means that Italian entrepreneurship will always be protected as the Internet Computer blockchain is a tamper proof and infinitely scalable network, free from centralized cloud computing services,” said Dominic Williams, Founder and Chief Scientist at the DFINITY Foundation. “FEDERITALY has taken a leap forward into the future and is leading the way for international organizations looking to use blockchain technology to improve their services.”
The partnership is built to bring ease to consumers and their products. The old adage that says technology should improve lifestyle manifests with the certifiable label that will display on FEDERITALY products. Users will have relative ease to verify labels with the simple QR code.
“We are excited and proud to bring the benefits of the Internet Computer to FEDERITALY. FEDERITALY operates on a global scale, bringing trust and transparency to consumers around the world, similarly the Internet Computer blockchain has brought the promise of a truly decentralized internet - a “world computer” to the masses,” added Williams.
Blockchain technology allows for immutable and tamper-proof verification and it is very likely more products in the future will incorporate similar technology. With the speed and security of blockchain verification, it is no doubt that similar technology will be incorporated across global supply chains.
What is DFINITY Foundation:
The DFINITY Foundation is the not-for-profit developing the Internet Computer — the world’s first web-speed, internet-scale public blockchain. DFINITY currently operates research centers in Zurich and California and remote teams in locations all over the world. It has a global team of more than 200 people, which includes numerous famous computer science researchers, engineers, and cryptographers. It runs the largest R&D operation in the crypto industry.
Where to find DFINITY:
Website | Twitter | LinkedIn | Medium |
What is FEDERITALY:
Federitaly is the premier Italian federation dedicated to protecting, promoting, and disseminating the excellence of "Made in Italy" products and services worldwide. Established in 2021, the organization quickly established itself as a leading voice among companies and media outlets. With over 7,000 registered companies, 12 trade associations, 5 consortia, and over 500 professionals, Federitaly has a proven track record of success in promoting the best of Italian production and professional excellence.
FEDERITALY is a global organization that is continuing to grow and keep pace with the speed of Italian entrepreneurship. An ever growing number of producers look to FEDERITALY to promote and protect their brand. The Internet Computer blockchain was designed to scale infinitely, meaning it will continue to operate regardless of the growth of FEDERITALY.
Where to find FEDERITALY:
Website | Twitter | LinkedIn |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Binance VIP Traders Informed of $4B Settlement Back in September

The exclusive gathering took place at a luxurious Singapore night club in September, where attendees engaged with Binance executives and probed about the potential settlement.
Binance reportedly hosted an exclusive dinner for its most significant market makers in September. The gathering, held at a prestigious Singapore nightclub, was an intimate setting where select VIP traders gained insights into the impending $4 billion settlement with the U.S. Department of Justice, according to a recent report from Bloomberg.
The private dinner, organized for Binance's top traders, unfolded in the upscale 1880 members-only club. Attendees, consisting of market makers and traders, engaged in discussions with Binance executives about the company's legal challenges. The conversations revolved around the potential $4 billion fine, leaving attendees convinced that Binance could afford and would settle such a substantial amount.
Attendees' Perspectives
Reports suggest that attendees, after breaking into smaller groups, sought clarification on Binance's legal troubles. They left the dinner with a heightened expectation of the $4 billion settlement, emphasizing the significant financial impact it would have on the exchange.
Former CEO Changpeng Zhao was notably absent from the gathering, with the then-head of regional markets, Richard Teng, representing the company.
In response to the reports, a Binance spokesperson disputed certain aspects of the event's depiction while refraining from specifying the inaccuracies, as per The Block. This discrepancy in accounts raises questions about the transparency surrounding Binance's legal challenges and its communication with stakeholders.
Implications of the Settlement
Binance’s $4 billion settlement with U.S. authorities, including the Department of Justice, Department of the Treasury, and the Commodity Futures Trading Commission, marked one of the largest corporate settlements in U.S. history.
The resolution concluded a criminal investigation into allegations of money laundering and sanctions violations, settling many of Binance's legal troubles in the U.S. However, Binance.US and Changpeng Zhao still face a lawsuit filed by the U.S. Securities and Exchange Commission.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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