THE FIRST BLOCKCHAIN PILOT IN RUSSIA

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Blokchcain accelerate banking operations in Russia. Sberbank, the largest bank in the Russian Federation implemented a test, based on Hyperledger Fabric. The successful testing operation was facilitated by using the company’s IT systems, in an application complex to allow users to track the rates. These technologies give opportunities to decreasing the banking process time before the actual transaction in real time. StElla KudAchkina, managing director of Sberbank CIB said: “The blockchain solution of Sberbank allows the first financial operation test with the help of IBM blockchain in Russia’s banking history.”

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