Italian Banking Association Poised to Launch Phase Two of Blockchain Trial

The Italian Banking Association (ABI) has announced the successful completion of the first phase of a blockchain trial, which involved technical procedural verification. The 14-member group is ready to move into the second phase to adopt distributed ledger technology (DLT), an umbrella term covering blockchain.

Banca Mediolanum, Banca Monte dei Paschi di Siena, Crédit Agricole, BNL BNP Paribas (PA:BNPP) Group, Banca Sella, and Banca Popolare di Sondrio are among the members of the association, which has been working since June to upload real data to the blockchain infrastructure that relies on 14 nodes, with one node for each bank. The group uploaded 1.2 million movements to Sp…

This article appeared first on Cryptovest

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