The Trend of Blockchain and Virtual Currency Adoption is Thriving Globally

In the last few years, there have been rumors about blockchain involvement in every sector, whether it is about administrative, transportation, healthcare, maritime industry, or any other department. Despite massive opposition blockchain and cryptocurrency faced, many small and significant forces caught a warming attitude towards them following the transparency and speediness it brings. Recently, a piece of news made headlines everywhere as Moscow decided to adopt blockchain in its administrative services. Right now in search of a contractor, the estimated cost of the project is almost 57 Million Russian Rubles, and it is expected to take up to 60 days for building. The intention is to gain public faith in Moscow’s IT Services by using the transparency that blockchain offers. Services include the issuance of property-related documents and the allocation of slots at the city’s farmer markets. It is later expected to include a voting platform aswell.

Another news that knocked every one mind was the Indian Court’s stance that though not clearly hinted at crypto adoption, yet favored it somewhat. A recent hearing in India reveals Central Bank’s ban on Crypto is illegal. The case was recorded and Mr. Ashim Sood, Counsel for Internet and Mobile Association of India, assumed responsibility, The insight clarified that RBI’s financial boycott doesn’t confront to the Financial Guidelines Act, the National Bank can lead the inward working of banks and not private organizations. The insight stated that the RBI couldn’t venture out of its forces set out in the financial guideline act. Following the Counsel’s view, the Supreme Court Judge immediately commented that RBI’s activity on Crypto is illicit.

The question is as the world is steadily opting decentralized solutions for most of its issues, how is the world’s most significant industry, i.e., maritime, can afford to stay behind to resolve their pertaining matters of transparency, freight management, payment scams, delays, documentation issues and much more. The shipment industry also needs a reliable blockchain-based solution — just as BitNautic — that can also entirely alter the landscape of cargo and shipment services provider. The one that plays its role in bringing the world closer to each other with the infusion of blockchain offers security and safety. BitNautic is a platform that provides secure transportation of your cargo and lets you chose the best carrier and routes at affordable prices. You can select the service provider based on their ratings by previous users.

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