We share the interview that Pablo López Villanueva, Director of Administration and Finance at INSTRA Ingenieros, has granted to "O Economista", magazine of the Association of Economists of A Coruña.
The publication echoes both his career and the "Ithium project", in which Pablo is involved.
"Ithium is an ecosystem of diverse technology products and services to solve new needs that have arisen in two sectors that are undergoing significant change, energy and finance. The core technology underpinning all these developments is distributed ledger technology (DLT, or blockchain as we colloquially know it). Ithium 100, in particular, is a project that makes it easier for companies to finance their operations from the moment they receive an order from their customers, thus anticipating the traditional forms of working capital financing, which are always based on the invoice (factoring, confirming, etc.)".
Ithium 100 is among only 7 of the 67 projects submitted to the first cohort of the Financial Sandbox, which started in April 2021, to have completed and approved the conclusions report.
In the words of the Supervisor (Bank of Spain):
"Ithium100 offers a system where companies and financial institutions can share relevant information on their purchase and sale orders, and financing, creating the necessary trust to carry out the aforementioned financing on orders". In addition, it has been found that "there are no regulatory barriers to order financing through Ithium100".
You can consult the magazine in this link: O Economista Magazine - nº 210
And find out more about the Ithium project on the websites:
Pablo, congratulations on the interview and the recognition of your work from the Association of Economists of A Coruña!
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