

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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Related News

Explore the comparative analysis between Bitcoin and Pi Network, two prominent networks shaping the future of decentralized finance. Uncover their differences in mining, scalability, market acceptance, and community dynamics.
TL;DR:
- Bitcoin and Pi Network are compared in terms of their foundational principles, mining methods, scalability, market acceptance, and community dynamics.
- Bitcoin operates as a decentralized digital currency, while Pi Network focuses on accessible mining through mobile devices.
- Bitcoin mining relies on computational power for security, while Pi Network utilizes a mobile mining approach with lower energy consumption.
- Bitcoin faces scalability challenges, while Pi Network needs to address scalability as it aims for widespread adoption. Market acceptance and value differ between the two networks.
Cryptocurrencies have opened new avenues for financial transactions, decentralized networks, and innovative technologies. Bitcoin, the first and most well-known digital asset, has paved the way for a digital revolution.
However, newer players like Pi Network are entering the market with unique propositions and aiming to challenge the status quo. This article will conduct a comparative analysis of Pi Network and the Bitcoin network to understand their similarities, differences, and potential implications for the future of Decentralized Finance (DeFi).
Foundational Principles
Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto, was designed to be a decentralized digital currency that operates on a peer-to-peer network. Its foundational principles include security, transparency, and scarcity. Bitcoin's blockchain technology enables secure transactions without intermediaries or central authorities.
Pi Network, on the other hand, was founded by a team of Stanford graduates in 2019. It creates a digital currency, $PI, that can be mined using mobile devices, making it accessible to the masses.
Mining and Network Security
Both Pi Network and Bitcoin utilize mining as a fundamental process, but they employ different approaches. Bitcoin mining involves solving complex mathematical problems through computational power to validate transactions and add new blocks to the blockchain. This process ensures network security and prevents double-spending.
In contrast, Pi Network's mobile mining aims to provide an alternative approach that allows users to mine using their smartphones. It utilizes a consensus algorithm that doesn't require massive computational power or energy consumption. However, it's important to note that Pi Network is still in the enclosed mainnet phase, and the security and decentralization of its network are not as established as Bitcoin's.
Scalability and Transaction Speed
Scalability has been a significant challenge for Bitcoin. The network can handle a limited number of transactions per second, leading to congestion during peak periods and higher transaction fees. Various solutions, such as the Lightning Network, have been proposed to address these scalability issues and enhance transaction speed.
Pi Network, a relatively new project, has not yet faced the same scalability challenges as Bitcoin. However, as Pi Network aims to achieve widespread adoption, it must address scalability concerns to support a growing number of transactions and users when the open mainnet goes live.
Market Acceptance and Value
Bitcoin has gained widespread acceptance and recognition as a digital asset and a medium of exchange. It has attracted institutional investors, retail traders, and merchants worldwide. Bitcoin's value is determined by market demand, and its price has experienced significant volatility over the years.
In comparison, Pi Network’s enclosed mainnet phase means that its native currency has not yet been listed on major exchanges. Its value and market dynamics are not freely tradable or well-established. Pi Network's success in gaining market acceptance and establishing value will depend on user adoption, utility, and listing on reputable exchanges.
Community and Ecosystem
Bitcoin has a robust and active community of developers, enthusiasts, and supporters. Its open-source nature has allowed for the development of various applications, platforms, and services built on top of the Bitcoin network. The Bitcoin community has played a vital role in its growth and adoption.
Pi Network, as a newer project, is also building its community of users and supporters. It has attracted many early adopters enthusiastic about its vision of accessible mining. The Pi Network team actively engages with the community, providing updates and addressing concerns. Building a solid and engaged community will be crucial for Pi Network's success and future development.
Conclusion
The comparative analysis between Pi Network and the Bitcoin network highlights their differences in approach, mining methods, scarcity, scalability, market acceptance, and community dynamics. Bitcoin, as the pioneer in the cryptocurrency space, has established itself as a widely recognized and accepted digital asset. Its decentralized nature, security, and growing ecosystem contribute to its value and market dominance.
Pi Network, on the other hand, is a newer project that aims to bring mining to the masses through mobile devices. It introduces a unique consensus algorithm and focuses on accessibility and user-friendliness. However, Pi Network is still in its early stages, and its network security, scalability, and market acceptance are yet to be fully established.
Both Pi Network and the Bitcoin network contribute to the continuous innovation and evolution of decentralized finance. While Bitcoin remains the leader in market acceptance, value, and ecosystem development, Pi Network's vision of accessible mining and user-friendly approach could have implications for making cryptocurrencies more inclusive and widespread.
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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