Russian Finance Firms Form Blockchain Consortium

Russian Finance Firms Form Blockchain Consortium

A group of Russian banks and financial services companies have formed a private-sector consortium focused on blockchain applications. Announced 1st July, the consortium includes payment processing firm QIWI, B&N Bank, Khanty-Mansiysk Otkritie Bank, Tinkoff Bank, MDM Bank, and professional services firm Accenture. The launch came during the 25th International Financial Congress in St. Petersburg, which was hosted by Russia’s central bank and held between 29th June and 1st July. Areas of focus include the development of blockchain proofs-of-concept, work on joint research and policy....


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