Italy wants to use the Algorand blockchain for guarantees
The Bank of Italy and IVASS have selected the Algorand blockchain to demonstrate how distributed ledger technology can be used for guarantees.
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The Bank of Italy and IVASS have selected the Algorand blockchain to demonstrate how distributed ledger technology can be used for guarantees.
The blockchain-backed Digital Sureties platform is a part of an initiative set to boost Italy’s economic recovery following the COVID-19 crisis.
The Bank of Italy has selected blockchain technology from Algorand to support a new digital guarantees platform.
According to Algorand, this is the first instance of a member state of the EU using blockchain technology for bank and insurance guarantees.
BOSTON and MILAN, Dec. 13, 2022 /PRNewswire/ -- Algorand Inc., a world leader in Layer-1 blockchain technology, has been selected to be the public blockchain that will support an innovative