On April 19, Moscow will host a session dedicated to the application of blockchain technologies in the banking sector within annual Blockchain & Bitcoin Conference Russia. It will engage representatives of Sberbank, Alfa Bank and other companies, actively implementing blockchain in business processes.

Why Russian bankers are interested in blockchain

Early in the year, it has transpired that Sberbank has developed a prototype of currency exchange service using blockchain. It is noted that the system operates perfectly and now the matter depends on the regulation issue.

Another project also draws attention: the platform for registering product supply data according to factoring agreements. The project was tested by Sberbank along with M.Video company. The system allows to speed up goods dispatch and making payments: phone conversations and long corresponding are not required any more.