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bne Intellinews — Russia’s Banking Sector Is Embracing the Blockchain Technology With a Vengence

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“Blockchain can change the world just as much as the Internet. This technology is very important to the banking sector as it allows expenses to be reduced, significantly increases the speed and security of transactions and provides an unprecedented level of trust and transparency for all transactions,” commented Andrey Shemetov, Sberbank’s Vice President and Head of the Global Markets Department. “I’m sure that our joint blockchain project with the NSD and MTS is just the beginning, and products and services using blockchain, including smart contracts, will become commonplace in the future,” he added. Russia InsiderRussia's Banking Sector Is Embracing the Blockchain Technology With a Vengence bne Intellinews

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“Blockchain can change the world just as much as the Internet. This technology is very important to the banking sector as it allows expenses to be reduced, significantly increases the speed and security of transactions and provides an unprecedented level of trust and transparency for all transactions,” commented Andrey Shemetov, Sberbank’s Vice President and Head of the Global Markets Department.
“I’m sure that our joint blockchain project with the NSD and MTS is just the beginning, and products and services using blockchain, including smart contracts, will become commonplace in the future,” he added.
Russia Insider
Russia's Banking Sector Is Embracing the Blockchain Technology With a Vengence
bne Intellinews

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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