Blockchain

TON, Pavel Durov’s blockchain platform, prepares for launch in 10 countries

January 28, 2019

Telegram Open Network (TON), Pavel Durov’s darknet blockchain platform, and its cryptocurrency Gram, could be launched publicly as soon as March 2019 – a bit later than initially planned – according to Russian tech publication The Bell. Another Russian tech media, Kod Durova (‘Durov’s code’) puts the launch date at the second quarter of this year. Meanwhile, a …

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Russian parliament postpones adoption of digital assets bill

December 23, 2018

The State Duma, the lower house of Russia’s parliament, has postponed the second reading of a long-awaited bill intended to regulate to regulate digital financial assets, including cryptocurrencies, and ICOs. Lawmakers will review the draft law “On Digital Financial Assets” during the spring parliamentary session next year, the house deputy speaker Sergey Neverov announced. In …

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Waves raises $120 million to integrate blockchain into corporate and government digital infrastructure

December 24, 2018

Waves, a Blockchain solutions developer founded by a Russian team and incorporated in Switzerland, has secured $120 million to develop its project Vostok. Designed for large enterprises and public institutions, this private blockchain platform “lies at the intersection of several disruptive technologies, including blockchain, Big Data, artificial intelligence and the industrial Internet-of-Things,” according to Waves founder Alexander (Sasha) Ivanov. …

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Russian region conducts blockchain election with 40,000 participants

December 23, 2018

On Dec. 12 the Saratov region in Southern Russia conducted a reportedly successful blockchain election with 40,000 participants, according to a press release. Participants voted to elect members of the local Youth Parliament via the blockchain-driven electronic polling system Polys, developed by Kaspersky Lab in 2017. According to the press release, the decentralized network was …

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PwC partners with BitFury to create blockchain accelerator in Russia

December 14, 2018

Big four consulting firm PricewaterhouseCoopers (PwC) has partnered with mining and blockchain software company Bitfury Group to create a blockchain accelerator for businesses in Russia, according to a PwC press release today, Dec. 13. The release explains that PwC has already used Exonum — Bitfury’s open source framework for building blockchain applications — for educational …

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Huobi opens Russian office in partnership with state bank

December 14, 2018

Last week Singapore-based cryptocurrency exchange Huobi officially launched its first branch in Russia. The new exchange, dubbed Huobi Russia, is established in partnership with the state-owned Vnesheconombank (VEB) Digital Transformation Center and supported by Huobi’s regional exchange partnership program, Huobi Cloud. The Center of Digital Transformation was created by VEB to promote blockchain. Back in September …

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Russian intellectual property court trials blockchain to store copyright data

December 6, 2018

A Russian court dedicated to intellectual property cases has successfully tested a blockchain network for storing copyright data. The technology was reportedly used for the first time in the judicial area in Russia, major Russian news agency TASS wrote Monday, Dec. 3. According to TASS, the court recorded a change in a group of right holders, using a blockchain solution provided …

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Sberbank and Interros Group conclude blockchain-based forex repo deal

December 6, 2018

Sberbank, Russia’s largest banking institution, and Interros Group, a Moscow-based private equity firm, have carried out an over-the-counter OTC foreign exchange repurchase agreement (repo) transaction employing smart contracts on a blockchain, Reuters Russia reported last week. Head of global markets department and vice president at Sberbank, Andrei Shemetov, informed Reuters that the transaction is real, legally binding, and has been “concluded in electronic format using a …

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Major Moscow museum develops blockchain-powered app

November 12, 2020

The Tretyakov Gallery, a leading Moscow museum that exhibits more than 190,000 works by modern and contemporary Russian artists, has decided to use blockchain to attract private capital for the digitization of its collection. The Gallery is developing a blockchain-powered app, ‘My Tretyakov,’ which will allow individuals and companies to donate money to the museum. …

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ITI Funds raises $5 million to make alternative and crypto assets more accessible to investors

November 28, 2018

Last week, ITI Funds announced that it attracted $5 million from two major investment firms, Moscow-based Da Vinci Capital and Paris-based Mantra Investment Partners, and unnamed private investors. Established in 2015 and registered in Guernesey, ITI Funds defines itself as “a modern buy-side intermediary, advisory and asset management” company. The firm has launched 10 funds, some of …

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Sberbank, NSD and MTS complete full-cycle bond deal on blockchain

November 28, 2018

Earlier this month Sberbank, Russia’s leading banking institution, and MTS, a major mobile operator, completed successfully a full-cycle security deal using smart contracts – from bond issue to full execution of the issuer’s obligations to the investor. The MTS commercial bonds were organized and purchased by Sberbank’s corporate and investment banking business.  Their nominal cost  – …

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Crimea considers creating blockchain infrastructure for international investors to avoid sanctions

November 20, 2018

The authorities of Crimea, a Black Sea peninsula which has been disputed between Russia and Ukraine since 2014, are considering creating a new international blockchain technology training center. Such a center would teach “specialists from countries under sanctions how to use new technologies to attract foreign investors,” Roman Tkachenko, the president of the Crimean Republican Association …

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