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…