Sureties in Blockchain

Are you an Insurance Company or a Bank?

Certify your Sureties

Save 10% on the surety guarantee amount

Starting from July 1, 2024, as established by Italian Legislative Decree 36/2023 (New Public Contracts Code), sureties can also be verified via Blockchain (distributed ledger technologies), entitling you to a 10% reduction on the guarantee amount.

Sureties in Blockchain

This is the platform that revolutionizes the surety guarantee certification process, bringing Transparency, Security, and Decentralization to the entire insurance and banking sector.

Security

Using the most secure and public blockchains ensures document authenticity and originality. Storage through major cloud data centers (Microsoft Azure and AWS) guarantees compliance with Rating 4 standards.

Confidentiality

All information registered on the blockchain is anonymized through hashing algorithms, ensuring maximum privacy and confidentiality.

Cost Saving

By ensuring full regulatory compliance, “Sureties on Blockchain” allows immediate cost savings on guarantee issuance, as governed by Italian Legislative Decree 36/2023.

Legally Compliant Certification Guarantee

Through the “Sureties on Blockchain” platform powered by iuScribo, you are guaranteed legal compliance when certifying your sureties. This allows you to benefit from the 10% discount on the guaranteed amount, as specified in Article 106 of the new Public Procurement Code (Italian Legislative Decree 36/2023).

Italian Blockchain Surety Guarantees and the 10% Discount

The Article 106 of Italian Legislative Decree 36/2023 (as updated by Decree 209/2024), which introduces the new Italian Public Contracts Code, effective from January 1, 2024, marks a significant step forward in the public sector’s digital transformation, initially launched by the “Simplification Decree” in 2018. The new law specifically addresses the area of surety guarantees.

With the goal of enhancing efficiency, transparency, and security in the public sector, the decree stipulates that:

“The surety guarantee must be digitally issued and signed; it must also be verifiable electronically via the issuer or managed through platforms based on distributed ledger technologies (blockchain), in accordance with Article 8-ter, paragraph 1, of the decree-law of December 14, 2018, no. 135.”

The features of such platforms must comply with standards set by AgID (Agency for Digital Italy) , thus ensuring a secure and trustworthy process.

Who It’s For

“Sureties on Blockchain” is intended for insurance companies and banks that need to digitally certify issued surety policies in Italy compliance with current local regulations in order to obtain the legally established discount.

It is also recommended for anyone wishing to replace the traditional certification process with a blockchain-based digital approach, as allowed by Legislative Decree 36/2023.

Certification Portal

A web portal or API-accessible interface dedicated to issuers and their delegates for certifying sureties.

Verification Portal

A public web portal for verification, where users can check the authenticity of a digital surety by uploading the document and entering its hash.

AgID SPID and CIE Authentication

Secure login through integration with certified AgID SPID and CIE authentication services.

White Label

The “Sureties on Blockchain” platform can be customized to match your application or website, allowing you to offer the certification service to your clients as if it were your own proprietary application.

API Services

Developed with modern API integration technologies, the platform connects directly to existing applications and systems to ensure fast and efficient data exchange.

Customization

Customization is one of the platform’s key strengths. You can define categories, tags, groups, and custom privileges natively, ensuring perfect integration with your existing workflows.

Platform Activation Steps

Analysis

Assessment of existing systems and applications used for issuing surety guarantees within your organization.

Configuration

Platform setup and possible integration with your current systems to maintain operational continuity.

Activation

Deployment of the customized platform in production, with activation of blockchain-based certification and verification flows for issued sureties.

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