Russian Bank Sberbank Joins Open Source Blockchain Hyperledger Project

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Sberbank and the Linux Foundation have entered into an agreement on the bank’s participation in the Hyperledger Project.

According to reports from Sibos, Lev Khasis, first deputy chairman of the executive board of Sberbank,  said the new development with Hyperledger, and its open source platform based on Blockchain, offered “access to international expertise and cutting-edge Blockchain developments”.

In an interview he told Daily News at Sibos that the bank will not use Blockchain for just one item and sees many opportunities for the technology within finetch and outside of fintech (such as real estate). He expects in the next 12 months that one use case will go live.

Sberbank will have a “dedicated team” of developers working with Hyperledger. The bank has 9000 developers in total, but not all of these will be working on Blockchain.

About Richard Kastelein

Richard Kastelein is the Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News, co-founder and director at education company Blockchain Partners and partner of token design and ICO architecture company Cryptoassets Design Group.

As a prominent keynote presenter, Kastelein has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Munich, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona. San Meteo etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

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