Smart contracts - Memorandum of understanding between the Bank of Italy, Università Cattolica del Sacro Cuore and Roma Tre University

The Bank of Italy, Università Cattolica del Sacro Cuore and Roma Tre University have signed a memorandum of understanding (MoU) to carry out research on the characteristics of smart contracts used by distributed ledger technology (DLT) infrastructures for the provision of banking, financial and insurance services.

The initiative - which follows up on what was set out in the Bank's Communication of 15 June 2022 on decentralized technologies in finance and crypto-assets - also aims to define good practices to be offered as a reference point to market operators, including technology intermediaries and algorithm developers.

Other public or private entities, including foreign ones, wishing to contribute to the development of the project may join in the memorandum of understanding.