Home Finance Sberbank presented the possibilities of its own open blockchain platform

Sberbank presented the possibilities of its own open blockchain platform

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Sberbank presented the possibilities of its own open blockchain platform

The Sber blockchain platform will allow participants to issue their own tokens, create smart contracts, and, in integration with the bank’s systems, make payments in smart contracts in rubles.

Alexander Nam, director of the blockchain laboratory of the largest bank in the country, said that the Sber platform has received technological compatibility with the world’s largest decentralized finance (DeFi) ecosystem based on Ethereum. This should allow developers to freely transfer smart contracts and entire projects between the bank’s blockchain network and open blockchain networks.

On the basis of the Sber blockchain platform, integration interaction with the MetaMask crypto wallet was implemented. With the help of MetaMask, users will be able to perform operations with tokens and smart contracts hosted on the platform of the state bank.

Alexander Nam assured that his division is open to cooperation, closely interacts with external developers and partner companies, and that the blockchain platform community will soon be able to launch DeFi applications using the Sber infrastructure.

“I am sure that, given the rapid development, Web3 platforms supporting various blockchain protocols will become more and more in demand. And Sberbank will be able to unite developers, corporations and financial institutions both as part of joint market research and in the course of developing practical business applications,” the top manager of the state bank announced.

In July, Sberbank announced the issue of digital financial assets (DFA) for 1 billion rubles for a three-month placement period.

Source: Bits

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