Largest Russian bank starts to use blockchain

Sberbank implemented the first Russian payment transaction using blockchain technology
29 November 2017   615

Sberbank has become the organizer of a pilot payment blockchain transaction using the IBM Blockchain platform based on HyperLedger Fabric. The organization of the technical process for executing the transfer of funds from the payer to the recipient was taken over by Sberbank CIB. In the IT infrastructure of the Bank, a kind of Internet bank was created on the blockchain, consisting of a service for determining a single transaction order and a certifying network center.

Unlike the traditional system of transfers, the reflection of an operation on the beneficiary's account after it is sent is practically in real time.


Stella Kudachkina

managing director of Sberbank CIB

The nodes of the blockchain-network were on the side of Sberbank and Alfa Bank, which is a partner of the project. The transaction was initiated through a client web application. The blockchain technology ensured a high speed of execution of the transfer between the participants. The ability to conduct blockchain transactions in an ordinary Internet bank will appear when the service of blockchain transactions is legally established and will be implemented for customers.

Previously, Sberbank became the first Russian participant of the Enterprise Ethereum Alliance.

Member of British Parliament Wants to Payl Tax in BTC

MP  comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes
11 December 2018   7

Eddie Hughes, a member of the UK Conservative Party, said that the state should make it possible to use Bitcoin when paying taxes and utilities. It is reported by The Daily Express.

Eddie Hughes, who represents North Walsall in parliament, calls himself a "crypto-enthusiast with amateur knowledge." According to him, the blockchain technology attracts a lot of attention, and therefore members of parliament "must understand it."

Eddie Hughes also said that he recently met with representatives of the Royal Society for Water Rescue, which accepts donations in cryptocurrencies, after which he came to the idea of ​​making it possible to use Bitcoin when paying municipal taxes and utilities.

It just feels like it gets talked about a lot, wherever you go in the UK, and as MPs we have a duty to understand it. 

Eddie Hughes


Hughes comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes, which he also reminded in his interview within the publication.