Qiwi is working on a Blockchain energy project in Crimea

Qiwi, a Russian payment system operator and one of the country’s most active cryptocurrency players, will launch a test to track energy transactions using Blockchain technology in partnership with Tavrida Electric, one of the world’s leading suppliers of circuit breakers and a global energy smart grid supplier.

Each Tavrida Electric transaction will be recorded on the Blockchain, according to Moscow-based Rambler News Service. The transactions will be visible to regulatory agencies and other energy companies on the blockchain. Qiwi said it could extend the project to other energy companies.

The project marks Qiwi’s latest effort to promote Blockchain-related technology in Russia.