The model to which Banca d’Italia is committed provides a DLT-agnostic protocol to synchronize the asset-leg and the cash-leg, making an instantaneous DVP transaction possible on a 24/7 basis. This work was carried out in cooperation with Algorand, which provides one of the most advanced blockchain solutions for financial services currently available on the market.
We should not be surprised then to see a re-emergence in recent years of the value placed by markets on trust and personal reputation in business practice. After the revelations of corporate malfeasance, the market punished the stock prices of those corporations whose behaviors had cast doubt on the reliability of their reputations. There is no better antidote for business and financial transgression.