Blockchain company Algorand (ALGO) has been selected by the Catholic University of Milan to support an “innovative digital guarantee platform” to be used in the Italian banking and insurance markets.
Algorand, in a press release on December 13, in Italy innovative digital guarantee platform was chosen as the public blockchain to support it. Catholic University of Milan Innovation and Finance Research Center (CETIF) within the scope of the project spearheaded by banking and insurance markets that serves the needs of digital collateral platform expected to be established.
First time project that will enable an EU member state to use blockchain technology for bank and insurance guarantees in early 2023 expected to be operational. The project developed by CETIF economic recovery and the economic effects of the Covid-19 pandemic. removal of aims. The company states that the reason for using blockchain technology in the project efficient, fast, scalable and fraud-proof stated that.
CETIF professor Federico Rajolaunique innovation level and sustainability in the field leadership stated that Algorand was chosen for the project because of the The professor said that the goal of the project is not only to help Italy recover from the economic effects of Covid-19, but also to help the industry innovation and leadership by in to perfect He said he was helping.
Founder of Algorand Silvio Micali, being selected for this task. honor and pride all around the world, thanks to Algorand’s technology. financial institutions and governments stated that they can help solve their problems.