Sberbank has organised the Russian banking industry’s first-ever pilot blockchain payment transaction. The transaction used the IBM Blockchain Platform on the basis of HyperLedger Fabric. Sberbank’s partners and participants in the pilot were MegaFon, MegaLabs, Alfa-Bank, and IBM.
Sberbank CIB organised the process of transferring money from the payer to the receiver using blockchain technology. Sberbank’s IT infrastructure was used to set up a service for establishing the uniform transaction procedure, the certification centre of the network, and a web app for the client with a personal account section. In addition, Sberbank and Alfa-Bank hosted the nodes of the blockchain network. The technological process which was created will serve as the primary scenario for developing a new settlement function.
Author: Anna Dorozhkina