19 Oct 2017
The main Spanish banking, energy and telecommunications companies, among other sectors, have established Alastria, the world's first regulated national network based on blockchain.
This non-profit consortium, with Banco Sabadell as founding partner, has been created to accelerate the creation of digital ecosystems by providing a common collaborative platform: the Alastria network. Since its very creation, the consortium has been made up of about 70 of the largest companies and institutions in different sectors
Alastria will develop the Distributed Ledger Technology (DTL), which is set to become the new data exchange ecosystem and which will enable and accelerate the digital transformation of different industrial and business sectors in the coming years thanks to its agility, veracity, security and efficiency.
The network will provide a shared platform on which the various participants, and in particular large companies, will be able to create digital representations of the assets with which they work in their usual economic activity, also known as "tokens". With these "tokens" it is possible to develop new products and innovative cutting services, in addition to being able to develop current processes faster, safer and more efficiently. In this way, the network accelerates the digital transformation of current processes and enables a new paradigm of collaborative and multisectoral innovation in a very efficient way.
Furthermore, the development of the platform will not remain in the growth of its number of partners, but in the own development of the technology, which will be open. In this way, the Alastria consortium will make resources and contacts available to the community so that the ecosystem can grow and expand its potential benefits to more companies and users.