Russian Banking Giant Sberbank Awarded Blockchain Repo Patent, Parties To Settle Using DLT

In the latest turn of events, Russia’s Sberbank Rossii becomes the first to obtain a distributed ledger technology (DLT) patent. The Sberbank blockchain patent obtained for an operational engine using DLT and a Repurchase Agreement (repo) dealing with a smart contract solution. The patent solution allows stakeholding parties to self-execute the deal after registering the…

Sberbank Uses Blockchain to Make 3-Way Repo Deal

Sberbank Uses Blockchain to Make 3-Way Repo Deal

Sberbank, a state-owned bank, has sealed a repurchase agreement, or repo, with the help of blockchain on Thursday 6, 2018. Now, the combination of DLT and smart contract sets financial contracts very diaphanous and seems to tighten the security for both the financial institution and the customers. The Russian bank declared that, with great involvement…