Sberbank has become the first Russian bank to carry out a payment transaction using the blockchain technology, which allows transfers within a few seconds.
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Sberbank, Russia’s largest bank has joined Enterprise Ethereum Alliance seeking a new way to capitalize on international markets. The bank is the first Russian bank to become a member of the alliance.
Over this year, Sberbank, Russia’s biggest bank, has proven its interest in blockchain technology in practice. The bank has launched several major blockchain-related projects focused on IT, insurance, trade financing, and documents exchange between companies and departments.
Delovaya Sreda (“Business Environment”), a subsidiary of Sberbank of Russia, has launched Cornerstone, a free service for execution of protected transactions using blockchain technology.
According to Sberbank’s press office, the biggest state owned bank in Russia has joined forces with the Federal Antimonopoly Service to launch Digital Ecosystem, a project aimed at transferring and storing documents in encrypted form using a digital signature.
Sberbank CTO Pavel Khodalev took to the stage at the Global Blockchain Summit in Shanghai talking about the bank’s blockchain strategy going forward.
Speaking to Russian TV channel Russia 24, head of Sberbank German Gref stated that the country’s largest state-owned bank intends to complete the development of its blockchain-based IT platform by the end of 2018. According to Gref, currently some elements of the platform are undergoing testing, with industry-wide operation to commence the next year. â€śWe […]
German Gref, head of Russia’s biggest state-owned bank Sberbank, said that penalizing Bitcoin in Russia will result in blockchain development’s halting and regress of the country in general.
During the business lunch at Sberbank of Russia, the bank’s chairman German Gref and former minister for finance of Russia Alexei Kudrin shared their vision of blockchain’s potential in Russia. In particular, they described the way the technology could possibly alter the country’s public management. According to Interfax Russia, Alexei Kudrin said: “Basing on what […]
Cryptoindustry is on the march, which is hardly a secret for anyone now. Still, many officials as well as community members can’t imagine what will it be like in a couple of years, not to mention in a decade or two. For that reason ForkLog contacted renowned composer, well-known visionary and venture investor Alexander Shulgin […]
According to Sergei Shvetsov, the first deputy chairman of the Bank of Russia, a local Russian exchange may start cryptocurrency trading.
The technological revolution including cryptocurrencies and blockchain technology is boggling the minds of the contemporaries, launching the most daring and fantastic scenarios of our civilization’s future. Talking with ForkLog, a well-known Russian visionary, composer, venture investor and founder of corporate group Familia Alexander Shulgin shared his vision of blockchain technology and the system of tomorrow’s […]
Moscow hosted Blockchain & Bitcoin Conference Russia on November 10, one of the biggest industry events in Eastern Europe.
According to Forbes sources, Suleiman Kerimov, CEO of Nafta Moscow, is considering launching a massive cryptocurrency-related project.
Blockchain technology and fintech innovations will be among the dominant themes at the Moscow Financial Forum which starts on Thursday, September 23.
Wednesday, August 24 â€“ A meeting dedicated to the place for blockchain technology in Russia and possibility of its nation-wide implementation was held in Moscow, at the Russian president administration HQ, with the state internet counsellor German Klimenko as the chairman.
Speaking at the meeting with the Russian president’s administration, Deputy Director of Moscow’s IT Department, Andrei Belozerov, stated that they were ready to implement blockchain technology in the project dubbed Active Citizen.
According to Russian news agency TASS, the country’s authorities are planning to propel Russia to the top of technologically advanced nations. For that purpose, they created National Technological Initiative focused on long-term strategy of technological advancement.
Development of financial technologies and fintech companies will optimize the Russian banking network, while the banks themselves will be engaged in creating infrastructure for fintech companies providing various services to their customers. This is the brief extract of the speech given at Fintech Lab 2016 on June 28 by Vadim Kalukhov, director for financial technology […]
Russia’s blockchain consortium will initially incorporate five banks along with the project’s initiator, payments processor QIWI, and the Bank of Russia as a regulator.
Â June 6, the management board of Blockchain.community elected Artem Tolkachev as its chairman instead of Alex Fork.
On June 2, the Russian parliament held a roundtable, or a conference, titled Perspectives of Implementation and Development of Blockchain Technology in Russia.
According to Dmitry Marinichev, Russia’s Internet ombudsman, the government’s attempts to interfere in the development of blockchain technology, and to ban bitcoins, are totally meaningless.
According to Russian news outlet Izvestia, local payments processor QIWI intends to become the driving force behind creation of a consortium of Russian banks interested in development of blockchain applicability standards.
Bitcoin price growing, new investments in the industry, ambitious statements on practical application of blockchain technology – all highlights of crypto-industry’s week presented in ForkLog’s weekly overview.
Vice President of Sberbank of Russia, the country’s biggest state-owned bank, Andrei Sharov believes banks may disappear by 2026 because of blockchain technology’s impact. “In ten years, I’m afraid, there will be no banks, and I won’t have any job. Now, peer-to-peer crediting platforms are effectively developing, just as blockchain-based payments technologies,” he told Rambler […]
Russian ministry of finance proposes to introduce a punishment of seven year-long imprisonment for issuance of money surrogates including cryptocurrencies, Interfax reported with a reference to the agency’s sources in the ministry. The notification as to preparation of relevant amendments to the Criminal Code of Russia was published on March 10 on a site dedicated […]
The Bank of Russia believes that emergence of blockchain-based systems for financial markets is very likely to happen in 2017 or 2018.
Last week, Russia’s ‘official’ bitcoin enthusiast and, as a second job, the head of Sberbank, German Gref, has finally found an ally, Alexei Kurdin, former minister for finance. A bit earier, speaking at Gaidar Forum, Gref stated that “all government systems, and education, including everything from kindergartens to universtities, have to be changed in the […]
According to an article posted by Bankir.ru, Tatfondband creates a fintech lab in Kazan (Tatarstan, Russia) in cooperation with venture investment fund Life.SREDA. The companies expect the companies selected for acceleration will engage in development of blockchain-related services.
Recent development of affairs in Russia may signify that Russian officials have divided into two camps. While usually depicted as a monolith, Russian government en masse incorporates two opposing groups, usually dubbed securocrats and techlibs (an acronym for technology liberals). The former usually have something to do with various law enforcement or intelligence agencies, while […]
The year 2015 has certainly become the year when major banks finally faced the fact that innovations cannot be overcome, and that the old system is in decline.
Interest towards blockchain in Russia continues growing, while bitcoin still faces the perspective of banning. Russian Ministry of Finance confirmed its intent to ban cryptocurrency in an exclusive comment to ForkLog.
Sberbank, Russia’s biggest state-owned bank, is planning to join R3 in order to develop its services with the blockchain technology. This was announced by the bank’s deputy chairman, Leo Khasis, in an interview to Kommersant.
Earlier this September, Russias largest payment processor QIWI has announced its plans to launch its proprietary cryptocurrency dubbed bitruble.
SPECIAL: Read in Russian! Part 1 read here. Meanwhile in the State Duma It’s time to go down to earth, i.e. In Russia. According to local authorities, cryptocurrency is a hardly understandable and probably dangerous phenomenon, so it’s easier to ban it rather than break their heads over what to do with it. A perfect […]