Largest Russian bank starts to use blockchain

Sberbank implemented the first Russian payment transaction using blockchain technology
29 November 2017   794

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.

Giant Mining Solar Powered Farm to Created in California

Plouton Mining will allocate solar panels on 49 acres and it's planned they should generate about 10-13 megawatts per day, working for an average of 12 hours
26 June 2019   54

Plouton Mining, a subsidiary of Plouton Group Holding, intends to open the largest Bitcoin farm in North America for mining, whose operations will be provided by solar energy. To this end, the firm chose a territory in the western part of the Mojave Desert, California.

Plouton Mining will place solar panels on 49 acres: they should generate about 10-13 megawatts per day, working for an average of 12 hours. The company stressed that Western Mojave receives sunlight for 70% of the year.

The company will also sign the necessary contracts with local electricity suppliers in order to operate the farm in the absence of solar radiation.

Meanwhile, the bitcoin hashrate has again updated the historical maximum at 66.666 EX / s.