At the end of April, 32 banks in Italy went into full production with one of the first large-scale deployments of blockchain in interbank markets.
While JPMorgan was far ahead of the pack in October 2018, when it launched the interbank information network (IIN) that allows its correspondent banks quickly to chase down details of failed cross border payments and rectify them, the new Spunta Banca DLT application is set to connect up an entire domestic banking system on distributed ledger technology (DLT).
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