Why Russia’s CSD Believes Blockchain is a ‘Blue Ocean’ Opportunity

Why Russia’s CSD Believes Blockchain is a ‘Blue Ocean’ Opportunity

Thus far, 2016 has seen no shortage of financial incumbents touting blockchain, but perhaps the most surprising has been the warm embrace the tech has received from central securities depositories (CSDs), the entities that serve as intermediaries for securities transactions. Given the role of these businesses as often the sole arbiters of national and international markets, there has long been speculation they might be among the businesses threatened by distributed ledgers, or blockchain-enabled database environments in which the entities that are today served by CSDs are able to transact....


Related News

Russia’s National Cryptocurrency Would Ban Rivals

Russia’s Deputy Director of the Federal Financial Monitoring Service just revealed that discussions are underway between the Central Bank and the Ministry of Finance regarding a national cryptocurrency. Russia’s Own Crypto on its Way? Deputy Director of the Federal Monitoring Service, Pavel Livadny, says that Russian citizens will be able to purchase the....

Report: Russia to See Its Own Banking Blockchain Consortium

According to a report, Russian payment platform Qiwi will create a blockchain consortium which will see Russia’s biggest banks at its members. In a move reminiscent of the private banking blockchain consortium led by New York-based R3, Russian payment operator Qiwi is reportedly looking to create a consortium for banks in the country. Qiwi intends to develop standards for the application of distributed ledger technology among banks, according to a report from Russian publication Izvestia. The Russian startup has sent invitations to Russia’s biggest banks including BIN Bank, Alfa Bank, and....

Russia’s Central Bank to Test Blockchain Messaging System

Russia’s Central Bank is testing Blockchain technology with selected partner banks via a new consortium – but it will not involve the previously-touted “Russian Bitcoin.” Russia’s Central Bank Tests ‘Cryptotechnology’. At the International Finance Congress June 3-4 in St. Petersburg, deputy governor Olga Skorobogatova said that a new “consortium” was to....

Russia’s Biggest Bank Joins the Hyperledger Blockchain Project

The Linux Foundation-run Hyperledger Project will see a new member join the ranks, in Russia’s largest bank (by assets) Sberbank. The Hyperledger Project will now include Russian bank Sberbank among its roster of members and participants, revealed a report by regional industry publication Bankir.Ru. Sberbank first deputy chairman Lev Khasis and Hyperledger CEO Brian Behlendorf signed an agreement that sees the Russian bank’s inclusion, during the ongoing annual banking and financial conference, Sibos. In statements (roughly translated), Khasis stated: Joining the project generates new....

Vitalik Buterin: Russia’s Crypto Ban Would Stifle Blockchains

Ethereum founder Vitalik Buterin recently spoke on the possibilities of applying his decentralized smart contracts platform in Russia, the proposed cryptocurrency ban in the country, and talked with representatives from the country’s central bank at a fintech event held in Russia’s “Silicon Valley.” Ethereum Fuels Russian Interest. The event was held on....