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Italy to roll out blockchain for digital sureties contracts 10 May 2021
12 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
Sureties On Blockchain: Testing Phase Completed, Market Launch By The End Of The Year - CeTIF â Cattolica University, SIA And Reply Partner In The Initiative Date
10/05/2021
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
More than 50 players took part in the trial, with over 350 contracts managed in four months having guaranteed sums ranging from €10,000 to €1.4m and an average amount of €275,000
CeTIF, SIA and Reply - which also saw the involvement of the Bank of Italy, the Institute for the Supervision of Insurance (IVASS) and the Italian Finance Police - to