Russia's Sberbank announces blockchain lab

posted 8 days ago
Sberbank, one of the largest banks in Russia, has announced a blockchain laboratory to develop and test blockchain-based solutions.

The new lab aims to generate product prototypes, perform pilot tests and deploy blockchain-based business solutions for Sberbank Group, a press release says.

According to Igor Bulantsev, Sberbank's senior vice president, blockchain can help in "reshaping" the financial business market, as well as the bank's activities and services.
Tags: blockchain, news