Another Ukrainian Bank to Issue Assets on Blockchain

News and Analysis

Ukraine-based Alliance Bank and fintech company Attic Lab have signed an agreement on integrating SmartMoney, a banking blockchain system.

“Alliance Bank has become not just our client, but a partner and a fellow thinker in building the financial system of tomorrow. Sources, libraries and API’s will all be open. We plan a sandbox and prizes for the best applications based on electronic crypto-hryvnias,” Attic Lab CEO Sergei Vasilchuk wrote on Facebook.

SmartMoney is based on blockchain technology. It is intended for deployment of an accountancy infrastructure of e-money in the National Payments System PROSTIR.

The system also supports p2p transactions from mobile wallets, smart contracts, warranties without trusted intermediaries, and collective account management.

A similar agreement with Attic Lab was signed by Alparibank last December.

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