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Italy to roll out blockchain for digital sureties contracts
10 May 2021
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The launch of the first system platform that will enable sureties to be managed in the banking and insurance sectors through DLT technology will happen in the second half of 2021 following successful pilot trials by SIA and Italy's Research Centre on Technology, Cetif.
More than 50 market participants took part in the sandbox test, with over 350 contracts managed in four months having guaranteed sums ranging from €10,000 to €1.4m