The transaction used the IBM Blockchain Platform on the basis of HyperLedger Fabric. Sberbank’s partners and participants in the pilot were mobile operator MegaFon and its R&D unit MegaLabs, Alfa-Bank, and IBM, reports EWDN.com
Sberbank CIB, the corporate and investment banking business of Sberbank, organized the process of transferring money, using Sberbank’s IT infrastructure to establish a uniform transaction procedure. Sberbank and Alfa-Bank hosted the nodes of the blockchain network.
Sberbank’s interest in blockchain technology is well known after the bank become a participant in the non-commercial alliance Enterprise Ethereum. Bank officials have named the high speed of the transaction as the main benefit of using blockchain technology.
The story was first published on East-West Digital News (http://www.ewdn.com/) the international online resource on Russian digital industries.
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