Designing the Architecture of a Blockchain Platform: The Case of Alastria, a National Public Permissioned Blockchain

Abstract

The financial services industry is experiencing-or better said, is suffering-an enormous paradigm shift. New technologies, combined with new consumers, are redefining the way financial institutions design products and deliver services. Furthermore, Mastercard has filed four blockchain patents to improve settlement systems. The Alastria case, explored in this paper, is a still rare phenomenon of national blockchain as a country territorial and jurisdictional case of public permissioned blockchain oriented to combine the satisfaction of public and private interests with full legal compliance.