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Italian Fondazione Ugo Bordoni partners with Algorand

By Inkarias - 2019-12-16

On December 16, 2019 in Milan, Fondazione Ugo Bordoni (FUB) signed a collaboration agreement with the Algorand Foundation of Singapore aimed at experimentation and advancement of the underlying technology of the Algorand blockchain platform. Both parties were present during the previous meeting of the European Blockchain Partnership Policy Group, which the Ministry of Economic Development hosted as part of the Startupitalia Open Summit at the Bocconi University of Milan. The partnership agreement was then signed between the two groups an in-house entity of the Ministry of Economic Development. The partnership is aimed at testing the groundbreaking open-source technology developed by professor Silvio Micali, who has been on the faculty at the Massachusetts Institute of Technology since 1983, is one of the leading international experts in cryptography and computer science, and is the only Italian winner of the Turing Award (the equivalent of the Nobel Peace Prize for computer science). As the under-secretary of State of Ministry of Economic Development Mirella Liuzzi said:

The signing of the agreement between the FUB and the Algorand Foundation, signed at the Milan meeting of the European Blockchain Partnership of which Italy is co-president, once again confirms the international role assumed by our country on the subject and the attention of the MiSE towards emerging technologies such as the Blockchain also through the promotion of technical-scientific synergies on the subject.

The Italian foundation has partnered with the Algorand Foundation as part of its technical and scientific in-depth study on the topic of blockchain technology. Fondazione Ugo Bordoni’s focus on Algorand is driven by the technical advantages it offers over other available blockchains, advantages that make Algorand particularly interesting as a component to be used in experimenting with innovative applications and services for citizens, businesses and public administrations integrated in the Italian territory.

More information on this partnership at https://www.algorand.com/