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Sberbank launches blockchain laboratory


Source: TRCW & Sberbank
MOSCOW, Russia, January 11, 2018 – Sberbank, Russia’s top financial lender, has opened a blockchain laboratory that will test cutting-edge blockchain technologies, generate ideas to develop blockchain-based solutions, create product prototypes, carry out pilot projects and implement applied business solutions.

The laboratory will hire specialists with experience in working with blockchain and cooperating with businesses for the purpose of creating and implementing ideas related to existing products and generating new approaches to business tasks.

“Blockchain can considerably reshape many business areas of the financial market, Sberbanks classic activities and its clients,” Igor Bulantsev, Sberbanks SVP and head Sberbank CIB, the banks investment arm. Mastering, developing and implementing the most promising technologies is an important element of Sberbanks competitiveness as a bank and an indispensable part of its future as a technology company. Therefore, by launching the blockchain laboratory, Sberbank is making a contribution to the future of Russia and its banking industry and our country.

Sberbank has created more than 20 blockchain-based pilot projects, including joint solutions with Severstal, M.video, and the Federal Antimonopoly Services, which have already been put into practice.