Italian Banks Observing Blockchain Technology

Blockchain Technology Market Italy

A Blockchain pilot has been officially launched by the Banking Association of Italy (ABI) for interbank reconciliations. If successful, blockchain technology will make it possible for the banks in creating bilateral channels that could help in smart contracts. There are around 14 major financial institutions engaged in the pilot test including Ubi, Intesa Sanpaolo, Nexi Banca, and many more.

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