Sberbank, the largest bank in Russia, recently announced that it has set up a blockchain laboratory to develop, test and guide the development of related projects in the blockchain. According to reports, in addition to cooperation with startups, associations, communities and alliances, the blockchain laboratory will focus on developing more operational solutions for the expanding Sberbank Group to further enhance the block. Chain awareness and level of development. The lab will hire some blockchain experts, especially those with extensive experience in creating and implementing solutions for existing financial and enterprise products. After the personnel section is in place and officially operational, the lab will begin to test advanced solutions, generate more creative thinking for blockchain solutions, and work on product prototypes, pilot projects, and implementation for the Sberbank Group. Application operational solutions. Igor Bulantsev, senior vice president of Sberbank, said that blockchain technology will be able to dramatically change many of the business areas associated with financial markets, as well as existing interactions and activities between banks and customers. More importantly, the blockchain also helps market participants to work together more efficiently. According to Sberbank, the company has launched more than 20 blockchain pilot projects, including an exchange of encrypted files with federal agencies in the country. Sberbank CEO Herman Gref has long been a supporter of Bitcoin. Gref believes that the application of blockchain technology in the Russian business sector is expected to be realized in 2019. Sberbank is also one of the largest two open source blockchain alliances in the world. In an attempt to join the bank blockchain alliance led by R3 in New York, Sberbank joined the cross-industry "Hyperledger Blockchain Project" alliance in September 2016 and became a member. Since then, Sberbank has joined the Enterprise Ethereum Alliance (EEA) in 2017. EEA is a team focused on developing enterprise solutions using open source Ethereum technology; Sberbank is also the first Russian financial institution to join the work team.
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