Municipality of Bari and SIA launch blockchain project

It is pitched as the first experiment in the public sector to certify the authenticity and issuing of surety policies through the use of smart contracts

Italian payments venture SIA has teamed up with the Municipality of Bari to use distributed ledger technology for digitising administrative processes related to managing surety policies.

“The project we have undertaken in collaboration with SIA will allow us to implement policies on the development of new technologies with significant progress in digitisation and in the belief that, by increasing our experience in the use of DLT, we can support the work of PA bodies while triggering unprecedented technical and employment scenarios,” says Antonio Decaro, Mayor of Bari.

“We want this initiative to develop and generate value, both in the public and private sectors, and drive other public administration bodies to start up similar projects. Bari has already taken up the challenge of innovation.”

“The launch of the blockchain project represents a milestone in the field of digital PA in Italy as it shows that local authorities have the potential to improve and simplify complex administrative procedures by investing in new technologies,” comments Nicola Cordone, CEO of SIA.

“We strongly believe that the SIAchain infrastructure, thanks to its high performance and safety features, offers significant benefits.”

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