The new lab aims to generate product prototypes, perform pilot tests and deploy blockchain-based business solutions for Sberbank Group, a press release says.
According to Igor Bulantsev, Sberbank’s senior vice president, blockchain can help in “reshaping” the financial business market, as well as the bank’s activities and services.
“It is important to note that blockchain helps market participants cooperate more efficiently. Hence, Sberbank is making a contribution to the future of the banking industry and our country by launching the blockchain laboratory.”
The project will work on developing advanced technologies in conjunction with the bank’s other laboratories, and is also planning to build collaborations with startups, and via other alliances.
Sberbank’s blockchain lab will appoint blockchain specialists with experience in building and implementing blockchain ideas to existing products as well as creating new approaches to business activities, the release adds…