[2016-7-13] Russia Forms its Own R3 Consortium..

Russian banks recognize the potential of Blockchain

Blockchain technology is often seen as being able to significantly supplement, and even transform principles of financial market operation, bringing new effective models of cooperation between participants, and increasing accessibility and reliability of financial services while lowering their costs.

The potential of Blockchain technology is best unveiled through collaborative work of a number of financial sector players.

Olga Skorobogatova, deputy chairman at the Central Bank of Russia said that several banks and financial institutions, including SBERBANK, QIWI Group, Accenture, BINBANK, MDM Bank, Bank “Otkritie”, and Tinkoff Bank have confirmed their intention to join consortium.

http://cointelegraph.com/news/russia-takes-its-relationship-with-blockchain-to-the-next-level-forms-its-own-r3-consortium

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