In Italy it is fully operational the Italian banking sector blockchain.
Spunta, the banking industry blockchain in Italy, is being followed with great interest by other European banks. It is under study to create of an international working group to set out the requirements to match the characteristics of the ‘nostro’ and ‘vostro’ account processes across different countries and therefore to extend the application across the European banking sector.
Additionally, in Italy there are many further usage potentials within the banking sector, as well as expanding the network of nodes to other industries to generate a seamless relationship with their banks.
The project promoted by ABI, coordinated by ABI Lab – the banking research and innovation center promoted by the Italian Banking Association (ABI), for the application