Blockchain Projects Among Italian Financial Institutions Growing, Research Shows

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Italy is having mixed reactions to the blockchain and crypto industry, but how do real financial institutions deal with distributed ledger technology (DLT). The Fintech & Insurtech report of the homonymous observatory of the Milan Polytechnic shows that DLT is being highly adopted in different banks operating within the country.

The director of Blockchain Observatory & Distributed Ledger, Valeria Portale, believes that it is certain to bring various approaches to four sorts of players: the skeptics, the hesitant, the pragmatists, and the leaders.   

Italian banks, according to the reports, have started investing in the nascent technology by both taking part in international and the cooperative projects in the country, and are not neglecting individual projects.   

The Italian government also came out to say that it will underprop DLT and technology innovations such as IoT and AR/VR, with funds worth 1 billion euro, according to a CoinIdol report. This establishment is being pushed by the Italian Ministry of Economic Development (MoED).   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-projects-among-italian-financial-institutions/