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Thursday, October 28, 2021
Home News Russian Bank Sberbank Joins Open Source Blockchain Hyperledger Project

Russian Bank Sberbank Joins Open Source Blockchain Hyperledger Project

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.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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