Masterchain News

Major Russian bank VTB uses a central-bank-backed blockchain to issue bank guarantees to local cellular network giant MTS.

Blockchain is attracting increased interest from Russian financial institutions and IT companies, and may be poised to overcome skepticism from Russian regulators.

Bank of Russia has introduced Masterchain, an Ethereum-based Blockchain prototype. As stated in the official report, the Masterchain platform was created to serve interests of the financial market actors and is being tested.