Italian Bank Intesa Sanpaolo Is Exploring Ethereum Derivatives

Italian Bank Intesa Sanpaolo Is Exploring Ethereum Derivatives

A subsidiary of global banking giant Intesa Sanpaolo is taking steps to reimagine what the $1.2 quadrillion derivatives market might one day look like on a public blockchain. In a new white paper released today, Banca IMI details how an ethereum smart contract built by Intesa Innovation, Banca IMI and blockchain startup Oraclize makes it impossible for any counterparty to default by anticipating eventualities that might otherwise result from a legal dispute. Written by the bank’s head of interest rate and credit models, Massimo Morini, the paper represents a continuation of work he’s been conducting at Banca IMI for […]