The Italian Banking Association has announced the integration of distributed ledger technology (DLT) into the internal settlement processes at domestic banks. In a press release, the association said that it is working with banks to integrate DLT in their systems and will be providing guidance on how this can be done by mid-2017. The Italian Banking Association (ABI) has announced that Italy’s banks will integrate distributed ledger technology (DLT) into internal processes to boost settlements. The initiative is part of the so-called Spunta Project run by ABI Lab, which tested a blockchain interbank solution based on R3's open-source DLT platform.
The Italian Banking Association has announced the integration of distributed ledger technology (DLT) into the internal settlement processes at domestic banks. In a press release, the association said that it is working with banks to integrate DLT in their systems and will be providing guidance on how this can be done by mid-2017. The initiative is part of the so-called Spunta Project run by ABI Lab, which tested a blockchain interbank solution based on R3's open-source DLT platform.