SberBank will be using Blockchain

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SberBank will be using Blockchain

The question of the full-scale usage of the blockchain technology in the banking industry is just a matter of time. Sberbank’s experts are already proactively investigating new opportunities in the blockchain domain.

Sberbank created a special blockchain laboratory to research and implement effective solutions.
The Vice Precident of the bank, Igor Bulantsev commented on the situation in his interview with It was said by the vice-president of bank Igor Bulantsev in an interview for TASS:

“Mastering, developing and introducing the most perspective technologies are not only vital elements of our competitiveness as a bank, but also an obligatory part of our future as a technological company. It is important to note that a blockchain is the instrument that increases the efficiency of the market participants’ interaction. Thus, creating a blockchain laboratory, Sberbank makes the contribution to the future of the banking industry and our country”

It’s not for the first time that the management of bank is showing its interest in blockchain. Sberbank in cooperation with large Russian companies is currently testing nearly 20 projects together.

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