Sberbank Has Opened a Blockchain-Lab

Sberbank Has Opened a Blockchain-Lab

Sberbank, Russia's largest bank, opened a laboratory to study the latest technologies of the blockchain. This was reported in the press service of the bank.

The laboratory will also formulate and offer ideas for the development of solutions based on the blockchain, create prototypes of products, carry out pilot projects and implement applied business solutions for the Sberbank Group.

The main task of the new structure is the investigation of technologies in the field of the blockchain, to formulate and offer ideas for the development of solutions based on the block, to create prototypes of products, to conduct pilot projects and implement applied business solutions for the Sberbank group

The blockchain laboratory will work with other laboratories of Sberbank to find synergy in the whole spectrum of the latest technologies. In addition, it will provide its services for other market participants: to cooperate with start-ups, associations, communities, alliances. The popularization of the detachment and assistance in the preparation of educational programs in this field are also main tasks of the laboratory.

The structure of the blockchain-lab will include specialists that have skills of work with the blockchain and the experience of working together with the business both for forming and implementing ideas on existing products and for creating new approaches to business tasks.

Blockchain can significantly change many areas of business related to the financial market, to the classic activities of the bank and our customers

- said Igor Bulantsev, senior vice president of Sberbank, head of Sberbank CIB.

Mastering, developing and implementing the most promising technologies is not only an important element of our competitiveness as a bank but also an indispensable part of our future as a technology company. It is important to note that a blockchain is a tool for increasing the effectiveness of interaction between market participants.

To date, Sberbank has created more than 20 different pilots for blockchain technology, including solutions with Severstal, MVideo, FAS, which are already used in practice.

Information Source: Coindesk