The DFINITY Foundation has partnered with the FEDERITALY Association to make the benefits of blockchain technology accessible to Italian brands. The objective of this collaboration is to offer entrepreneurs a secure and transparent verification process.
The DFINITY Foundation, a Switzerland-based non-profit organization responsible for the development of the Internet Computer Blockchain, has announced a strategic partnership with FEDERITALY, an Italian association that promotes products "100% Made in Italy" and Italian businesses worldwide.
Blockchain helps businesses with verification processes
The Internet Computer Blockchain is a decentralized network that does not rely on a centralized cloud computing infrastructure. Therefore, consumers will always be able to verify if a product is "100% Made in Italy." The scalability of the Internet Computer Blockchain ensures that it will continue to function independently of FEDERITALY's growth and can process almost 500 million transactions per day.
Through the use of the Internet Computer Blockchain, the partnership enables consumers to securely and transparently verify Italian brands. The "100% Made in Italy" label is only granted to a manufacturer after a comprehensive verification process by FEDERITALY. Once the process is complete, a certificate is created on the Internet Computer Blockchain, and a corresponding QR code is generated.
Consumers can then scan the QR code on the product to retrieve the certificate from the Internet Computer Blockchain. The immutability of blockchain technology ensures that the certificate cannot be tampered with once it has been uploaded to the Internet Computer Blockchain, making a third party unnecessary.
Support for Italian companies
The partnership between the two projects is supposed to have a positive impact on the Italian economy. Its objective is to promote and protect local producers and manufacturers. The project serves as a prime example of how traditional industries can benefit from the use of cutting-edge technologies to enhance their services and boost the economy.
"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. 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." - Dominic Williams, Founder and Chief Scientist of the DFINITY Foundation
