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advisory

Sureties. Landing on blockchain aims to reduce fraud to zero

12.10.2024
They say about us

Surety bonds via blockchain become a reality. The Digital Sureties platform of Cetif Advisory is up and running, and the issuance of a digital surety bond by Passadore Bank via the application in question is testimony to this. A significant step in reducing fraud in the industry. The platform for the digitization of surety bonds on Dlt/blockchain has been developed by the Research Center on Financial Technologies and Services ofUniversità Cattolica in Milan (Cetif) Fide, which, after a long phase of study and experimentation is therefore now launched. The platform has been built with technology partners such as Nexi and Reply, implemented on Corda, and has been tested with stakeholders: guarantors, guarantors and policyholders.