Bahamas Blockchain Project And Italian Post

Dawid Paluch
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Two pieces of blockchain news today. First, Poste Italiane, the Italian postal service provider, has joined the Hyperledger blockchain community. Second, PO8, a Bahamian technology company, has developed a blockchain-based project.

Last weekend, we found out that Italy is ready to legalize blockchain timestamps. Now, Italian Post joins the blockchain revolution.

Hyperledger – a tool for everybody?

Linux Foundation aims to create an open-source environment for Distributed Ledger Technology (DLT) and blockchain.  Because of that, the foundation has developed Hyperledger in cooperation with American Express, Cisco, Intel, JPMorgan, Deloitte, Huawei, and many others.

According to a press release from Poste Italiane, joining the Hyperledger project is a part of Deliver 2022 Business Plan. The announcement states that the blockchain technology is “an effective response to the problems of security, transparency, interoperability and privacy.”

Finding sunken artifacts using blockchain

PO8, a Bahamian company, has a real treat for treasure hunters. Oh, maybe not so much for fortune seekers but for Bahamas economy. The company has created a project that aims to register data of excavated sunken artifacts.

PO8 is a marine archaeology startup utilizing blockchain technology to uncover sunken treasures and artifacts from oceans, generating untapped sources of revenues for funding social programs, creating jobs and jumpstarting local economies – all while protecting Bahama’s marine habitats. The company has started Security Token Offering to raise funds.

PO8 estimates that the project will contribute $60 million a year to the economy of the Bahamas, as well as create more than 100 jobs at peak seasons.

According to a press release, the company has spent the last 12 months “building the marine archaeology Dream Team.” The group will consist of Titanic expeditioner David Gallo, Amazon’s Apollo F-1 Engine recovery team member, Troy Launay, and Shipwreck researcher and author, Claudio Bonifacio.

We are awaiting any further news from PO8. Maybe next time, we will be writing a story about discovering some long-lost artifact or a ship.

Image by Cineberg /

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