National Settlement Depository, Russia’s central securities depository, has successfully tested an e-proxy voting system based on a distributed ledger (blockchain) technology.
It has been eight years since the mysterious Satoshi Nakamoto introduced the definition of blockchain and implemented it in the original source code for his peer-to-peer digital cash system.
While it is still unclear whether or not Bitcoin or other cryptocurrencies have any real long-term value, many argue that the acceptance and wider adoption of blockchain technology are fast approaching.
Various industries see the emergence of some real-world use cases for blockchains.
In Russia , however, examples of practical application of blockchain technology are still limited despite some active discussions. Moscow blockchain technology forum
Earlier this month Moscow Forum “Blockchain and open platforms – 2016” gathered over 30 speakers, experts in the area of financial technologies, and more than 320 visitors, including representatives from Visa , Microsoft , IBM , major Russian banks and financial institutions.
Opening the Forum, and the first panel discussion covering the latest developments and applications of blockchain technologies, Olga Skorobogatova, the VC of the Bank of Russia, noted that the distributed ledger technology has been studied by the Bank and represents great potential for the Russian financial market. She also mentioned that establishment of the partnership similar to R3 would allow Russian financial institutions to work around the technology more efficiently and with lower costs. Taking maximum of blockchain technology
Several examples of the application of blockchain technology were demonstrated at the Forum.The major Russian Bank, Sberbank Rossii, launched a pilot project in December 2015, which implied testing the potential of Ethereum’s blockchain in issuance of power of attorney, its revision, evaluation and the processing of invoices.Ekaterina Frolovicheva, Chief Executive of the Center for Technological Innovation of Sberbank, says: “We will be able to draw conclusions about the […]
