Vnesheconombank plans to start 2017 with Blockchain

Vnesheconombank, a Russian state corporation and a former Soviet bank based in Moscow, planned to sign an agreement of intention to use the blockchain technology in one of the regions of the country, reported a main reference bank president Gorkov Sergey Nikolaevich .

The application of blockchain technology aims to increase the efficiency of the the project implementation in this coming year, as well as imply (once the technology is already applied) to make a good amount of investments.

“We have several regions that seem to be interesting to us: Kola Peninsula, where there is very cheap energy, there is St. Petersburg plant that has a nuclear power plant, and we consider more sites in Russia in the central regions. In any case, the transaction will be interesting, we will sign in January 2017 said the Bank’s President.

Nikolaevich commented about the blockchain technology, treating it as a tool that completely changes the nature of the state and formed together in that VEB would sign an agreement about the promotion of blockchain technology in the Russian Federation.

Vnesheconombank is a state corporation that performs Bank functions for Development. It works to diversify the Russian economy, to increase its competitive advantage and to foment the inflow of investments. Vnesheconombank finances major investment projects aimed at eliminating infrastructure constraints on economic growth.

Source: Bitnews , Cbonds

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