Simplifying blockchain development with Azure Blockchain Service – BRK3061
Sberbank introduced a blockchain service for fast payments
The largest Russian bank introduced a blockchain-based automated payment system
In the future, Sberbank plans to bring additional services to the cloud platform
Over the past year, the Bank of Russia received 185.2 thousand complaints regarding the poor quality of financial services
International consortium of news organizations developing transparency standards.
The bank became the first in the Russian market to develop a cloud platform for automatic settlements based on blockchain technology
Sberbank has presented a cloud service based on blockchain technology for automatic payments, TASS reports with reference to Anatoly Popov, Deputy Chairman of the Board of Sberbank.
Popov said that with the help of the new blockchain service, companies will be able to automate business logistics using ready-made smart contracts, or develop their own contract.
In the future, Sberbank plans to bring additional services to the cloud platform, providing an opportunity to develop new financial products for corporate clients, he said..
It is also planned to integrate support from third-party banks and technology companies.
According to the documentation on the government procurement website, the monopolist in the financial institutions market allocated over $ 108 million for the purchase of 4,917 blockchain ATMs.
Sberbank’s desire to introduce blockchain into its product list may be due to the high level of complaints from Russians dissatisfied with the quality of services in the Russian banking sector..
The BeInCrypto editorial staff previously wrote that in the period from January to September 2019, the Bank of Russia received 185.2 thousand complaints from consumers who were dissatisfied with the quality of financial services provided to them..
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