Sberbank, Russia's largest bank, completed the first government-level blockchain project

Russia has the first government-level blockchain project to be completed , and the Sberbank announced today that it is working with the Federal Antimonopoly Service (FAS) of the Russian Federation on file transfer and storage via blockchain technology .

According to local sources, this is the first project by the Russian government to directly implement blockchain technology.

Turning to the profound impact of the project, Andrey Tsarikovskiy, Vice Chairman and Secretary General of the Russian Federation Anti-monopoly Bureau, said in a press release issued by Sberbank:

"Russia is using cutting-edge science and technology to find more outlets for economic development, and the commissioning of this government-level blockchain project means we are not only one of the first real users of government-level blockchain projects in the world, but also Pioneer in the practical application of blockchain. "

Over the years, the Russian government has been actively promoting the development of blockchain technology. In June of this year, Russian President Vladimir Putin met with Ethereum founder Vitalik Buterin. In August this year, VEB, another state-owned bank in Russia, also signed a cooperation agreement with the Ethereum Foundation to plan a blockchain education project in the country .

In contrast, the government regulation of cryptocurrency transactions is still more stringent.