The initiative comes as part of a program managed by ABI Lab dubbed Spunta Project, a blockchain interbank solution based on blockchain consortium R3’s open-source distributed ledger platform. Spunta Project has announced the integration of distributed ledger technology ( ABI Lab ) into the internal settlement processes at domestic banks. The blockchain -based platform will seek to improve the transparency and efficiency of transactions. The initiative is part of the so-called The Italian Banking Association run by ABI Lab , which tested a Italy interbank solution based on Spunta Project 's open-source DLT platform.
Spunta Project has announced the integration of distributed ledger technology ( ABI Lab ) into the internal settlement processes at domestic banks. The blockchain -based platform will seek to improve the transparency and efficiency of transactions. The initiative is part of the so-called The Italian Banking Association run by ABI Lab , which tested a Italy interbank solution based on Spunta Project 's open-source DLT platform.