Publicly traded Russian payments service provider QIWI (NASDAQ: QIWI) has established Qiwi Blockchain Technologies LLC (QBT), a company focused on developing blockchain-related products.
Russian payments processor QIWI could introduce blockchain technology in power industry companies in 2017. As reported by RNS, the pilot project is currently being under development in association with Crimea-based Taurida Electric.
Russia’s blockchain consortium will initially incorporate five banks along with the project’s initiator, payments processor QIWI, and the Bank of Russia as a regulator.
According to Russian news outlet Izvestia, local payments processor QIWI intends to become the driving force behind creation of a consortium of Russian banks interested in development of blockchain applicability standards.
Speaking at Blockchain and Open Platforms 2016 conference held this April, Alexei Arkhipov, director for crypto-technologies at Russian payments operator QIWI, has announced that the company has implemented and started testing blockchain technology in its operations. He also came up with a proposal a Russian technological consortium in the likeness.
March 10, Russian ministry of finance proposed to introduce up to seven years of imprisonment as a punishment for issuance and usage of money surrogates, including Bitcoin and other cryptocurrencies. ForkLog most certainly recalled QIWI’s project BitRuble, which at first thought is definitely subject to the law in question.
Nearly a year ago, the Waves team raised $16 million over an ICO. Today, Alexander Ivanov, Waves Platform CEO, is a stakeholder of the blockchain community dedicating himself to both his project and popularization of blockchain technology as a whole.
The technological revolution including cryptocurrencies and blockchain technology is boggling the minds of the contemporaries, launching the most daring and fantastic scenarios of our civilization’s future. Talking with ForkLog, a well-known Russian visionary, composer, venture investor and founder of corporate group Familia Alexander Shulgin shared his vision of blockchain technology.