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Sberbank Joined the Enterprise Ethereum Alliance
October 25, 2017 19:25


Sberbank has joined the Enterprise Ethereum Alliance (EEA non-profit alliance), becoming the first Russian bank within the alliance.

The Alliance unites the largest international companies, such as CME Group, Credit Swiss, DTCC, ING, JPMorgan, Santander, UBS, Accenture, Deloitte, Intel, Microsoft. The group also includes start-ups and research-and-development organizations.

The Senior Vice President of Sberbank Igor Bulantsev expressed special gratitude to Microsoft, for the company has helped the largest Russian bank to join the alliance. EEA creates technologies with the purpose of ensuring data confidentiality, reliability and scalability of transactions.

German Gref, the President of Sberbank, has repeatedly spoken in support of the development of blockchain technology. According to Gref, the entire economy will change greatly over the next 10 years due to the technology implementation. The accession of the bank to the Enterprise Ethereum Alliance is an important stage in the implementation of the Bank’s technological agenda opening the access to advanced development and international assessment in the field of distributed ledger technologies.


Author: Anna Dorozhkina


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