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3232Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks
https://www.digit.info/russian-blockchain-alternative-to-swift-to-prevent-disconnection-of-nations-banks/
Wed, 13 Jul 2022 11:30:34 +0000https://www.digit.info/2022/07/13/russian-blockchain-alternative-to-swift-to-prevent-disconnection-of-nations-banks/Read more]]>A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries and banks. Russian Developers Create SWIFT Substitute Using Blockchain Experts from the Competence Center […]
]]>Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT
https://www.digit.info/russias-industrial-giant-rostec-announces-blockchain-based-alternative-to-swift/
Sat, 04 Jun 2022 11:30:02 +0000https://www.digit.info/2022/06/04/russias-industrial-giant-rostec-announces-blockchain-based-alternative-to-swift/Read more]]>Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks. Rostec Employs Distributed Ledger Technology to Substitute SWIFT Russian state-owned corporation Rostec has built a […]