// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Algorand to support bank and insurance guarantees platform in Italy – CoinsMegaNews

Algorand to support bank and insurance guarantees platform in Italy

3 years ago CryptoExpert
Algorand to support bank and insurance guarantees platform in Italy

[ad_1]

Layer-1 blockchain platform Algorand has been chosen as the public blockchain to support an “innovative digital guarantees platform” to be used in Italy’s banking and insurance markets.

The Algorand-supported platform is expected to launch in early 2023. According to Algorand’s Dec. 13 announcement, this is the first time an European Union member state will use blockchain technology for bank and insurance guarantees.

A bank guarantee is when a lending institution promises to cover a loss if a borrower defaults on a loan. It’s an alternative to providing a security bond or a deposit to a supplier or vendor. An insurance guarantee is similar but is offered by an insurance company rather than a bank. 

Algorand said that blockchain technology was ideally suited for the “digital sureties” platform because of its fast, efficient, low-cost and scalable data transactions, as well as its ability to provide protection against fraud.

The blockchain-backed digital sureties platform is being developed by the Research Center on Technologies, Innovation and Finance of the Catholic University of Milan (CETIF) and is a part of Italy’s National Recovery and Resilience Plan, an initiative set to boost Italy’s economic recovery following the COVID-19 crisis. 

Related: Algorand Foundation outlines $35M exposure to crypto lender Hodlnaut

Federico Rajola, professor at CETIF, said they chose Algorand for its “unparalleled level of innovation” among permissionless digital ledger technologies and its “leadership in sustainability,” adding: 

“Our goal is to help Italy not only recover from the economic impact of Covid-19, but also excel through innovation and leadership […] We believe these platforms can and will dramatically contribute to the country’s competitive sustainability for the benefit of all.”

In September, Cointelegraph reported that Algorand had increased its transaction speed, processing capacity, and cross-chain functionality with a major protocol upgrade. The layer-1 blockchain network implemented state proofs to its mainnet, enabling trustless communication between different blockchain protocols. The upgrade increased Algorand’s processing speed from 1,200 to 6,000 transactions per second.



[ad_2]

Source link

More Stories

Coinbase, A16z-Backed Web3 Ad Network Everyworld to Begin Community Airdrop

Coinbase, A16z-Backed Web3 Ad Network Everyworld to Begin Community Airdrop

1 year ago CryptoExpert
Dfinity Foundation Launches Onchain Accelerator Platform

Dfinity Foundation Launches Onchain Accelerator Platform

1 year ago CryptoExpert
Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDC

Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDC

1 year ago CryptoExpert
Stepn Rewards Move-to-Earn Users With $30 Million in FSL Points Airdrop

Stepn Rewards Move-to-Earn Users With $30 Million in FSL Points Airdrop

1 year ago CryptoExpert
Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project

Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project

1 year ago CryptoExpert
Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’

Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Online Gambling Establishment Real Money: A Comprehensive Overview to Winning Large

3 days ago xtw18387208b

How to Deposit at Online Gambling Establishments Using Neteller

3 days ago xtw18387208b

Free Online Slots No Download: The Ultimate Guide

3 days ago xtw18387208b

The Best Places to Play Casino Games Online

3 days ago xtw18387208b