Russia’s Biggest Bank Joins the Hyperledger Blockchain Project

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....


Related News

Wanda Group Joins Hyperledger to Create New Blockchain Standards

The Linux Foundation’s Hyperledger Project has just announced its partnership with the Chinese conglomerate Wanda Group. As the largest private property developer in the world and the biggest cinema chain operator globally, the firm plans to help create an open blockchain standard with the Linux collaborative project. Chinese Multinational Conglomerate....

Chinese P2P Lending Platform Joins Hyperledger Project

The Linux-led Hyperledger Project recently announced a partnership with Chinese peer-to-peer (P2P) platform Dianrong.com. The company will utilize blockchain technology to further the platform’s future progression. Hyperledger Partners With P2P Lender Dianrong.com Achieving 100 Active Members. Open source distributed ledger project Hyperledger recently....

IBM and Bank of Tokyo-Mitsubishi UFJ Collaborate on Hyperledger based Pilot

Bank of Tokyo-Mitsubishi UFJ and IBM will be jointly deploying a blockchain based product built on Hyperledger protocol in 2017. The Hyperledger project is bearing fruits. Two participating companies in the Hyperledger Project, IBM and Bank of Tokyo-Mitsubishi UFJ have signed a contract to develop and use blockchain technology. A press release in this regard, issued by IBM, states that both the companies will be working together on automating inter-business transactions from next year. The project, built on Hyperledger Project Fabric – a Linux Foundation initiative will be implemented on a....

IBM Shakes on Blockchain with Japan’s Biggest Bank

Technology giant IBM has signed a contract with the Bank of Tokyo-Mitsubishi, Japan’s largest bank, to develop and implement a blockchain based on smart contracts among business entities. The Hyperledger Project, an open-source blockchain platform led by the Linux Foundation will see its deployment in a new partnership between IBM and the Bank of Tokyo-Mitsubishi UFJ (BMTU). The two companies will build on a prototype that sees smart contracts on a blockchain used in multi-party business transactions to improve accountability and efficiency of service level agreements. An initial pilot....

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....