Speaking at the international conference Digital Banking, the first deputy of the Belarusian National Bank’s board Taras Nadolny stated that the bank will use blockchain technology to create a security bonds ledger.
Sergei Vasilchuk, Attic Lab CEO, presented the company’s innovative solution for banks and businesses dubbed OpenBankIT at the recent Blockchain UA conference. The solution, which is based on the principles of OpenSource, Free and UserFriendly, seeks to build a whole stack of solutions for e-money and other assets.
Elman Mekhtiyev, executive VP of the Russian Banking Association, believes that implementing blockchain in processes that are already working fine makes little sense. According to Mekhtiyev, it’s too early to say the technology would prevail until there is a particular case where blockchain is better than centralized solutions.
Russia’s biggest banks have run a series of test transactions using an Ethereum-based blockchain prototype developed by Cinimex.
Sergey Fedotov, a Ukrainian banker with over 20 years of experience, has announced the launch of a banking platform for issuance of e-money that will be completely based on blockchain technology. The platform is said to become a full-fledged alternative to systems like Visa and MasterCard, and will provide banks.
Financial conglomerate Credit Suisse has published the report on possible impact of blockchain, once it’s implemented across diverse economy sectors. The report was prepared by thirty-one expert from different countries.
Russia’s Central Bank intends to use blockchain technology in creating a unified register of bank depositors. According to the Central Bank’s experts, the technology may solve the so-called problem of off-balance depositors.
Senior VP of VTB bank Dmitry Breitenbikher told Business FM that cryptocurrencies may become a very real means of settlement and money saving in 10 or 20 years’ time.