Algorand To Support A Digital Guarantees Platform In Italy

Twitter icon  •  Published 1年前  •  Hassan Maishera

The Algorand team announced via Twitter on Tuesday that it has been chosen as the public blockchain to support an innovative digital guarantees platform in Italy.

The Algorand team announced via Twitter on Tuesday that it has been chosen as the public blockchain to support an innovative digital guarantees platform in Italy. This new Digital Sureties platform is being developed by CeTIF, the Research Center for Technologies, Innovations and Finance of the Catholic University of Milan. The new platform is expected to become operational in early 2023 and will be the first time an EU Member State enables the use of blockchain technology for bank and insurance guarantees. 

Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products.” As such, Algorand ensures "full participation, protection and speed within a truly decentralized network."  ALGO is trading at $0.2452 at press time, up by more than 3% in the last 24 hours.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.