Altcoins Talks - Cryptocurrency Forum
Further Discussions => Blockchain Technology => Topic started by: Nostoman on July 09, 2020, 04:33:54 PM
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The Italian Banking Association, or ABI, uses a blockchain-based system called Spunta, built with decentralization in mind.
In a recent panel, as part of a digital Unitize blockchain conference, ABI chief innovation officer Silvia Attanasio explained why the banking entity chose to go the decentralized blockchain route for Spunta — its blockchain solution built on enterprise blockchain platform Corda.
If ABI had gone the decentralized route, the entity would have needed to locate a centralized party to gather and manage a large amount of data on various fronts, Attanasio said on the July 8 panel, noting ABI's rationale behind choosing a decentralized approach.
Source: https://cointelegraph.com/news/italian-banking-industry-chose-decentralization-over-centralization