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General

SIA unveils blockchain-backed sureties project

Monday 23 December 2019 | 14:47 CET | News
Italian payment technology services provider SIA has announced the launch of a project to provide a national sureties management platform using blockchain technology. The company will begin trials of the platform next month in collaboration with the Bank of Italy IVASS, Cetif and Reply as well as the involvement of insurance companies, banks, financial institutions, public sector bodies and other participants. The ultimate aim of the the "Fideiussioni Digitali" (Digital Sureties) initiative is to significantly reduce instances of fraud and improve efficiency by 'dematerialising' documents,

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Categories: General
Companies: SIA
Countries: Italy
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