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Sberbank, Alfa-Bank, VTB and others will unite in the interbank blockchain system to early 2019

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Russia is preparing to launch “Mastercam” is an inter — Bank block chain platform for the exchange of internal information needed to speed up payments, particularly interbank and credit checks on borrowers.

The project is responsible, as we found out, the Association of “FINTECH”. This company is the project developer of a distributed registry, which was established by leading credit institutions: Sberbank, Alfa-Bank, VTB and others. The Supervisory Board of Finance and included representatives of the Central Bank of the Russian Federation.

A prerequisite for the establishment of the platform, according to the initiators, was a few points: inefficient system of intermediaries that do not ensure confidence in the market; complexity of the audit and risk management when conducting financial transactions within and between financial institutions; lack of a unified standard for distributed registries.

In the future, mastercan should significantly speed up the transfer of funds between banks and underwriting (verification procedures of the borrower).

All this we told the Vice-Chairman of Subcommittee of CCI of Russia, by payment instruments and information security Timur aitov in a private conversation. However, in the end, Timur agreed to refer to it, stressing that the information mastercare while banks are not as advertised.

— That the Central Bank became one of the founders and now a member of the Supervisory Board of the Association “FINTECH”, Mastercan will begin work in January 2019. After starting this project, all Russian banks will be connected to the technology. They simply will have no choice, — said Timur aitov.

Furthermore, we can assume, for what, in fact, Sberbank bought a 3D graphics card in November last year. Anyway, the information will seep out into the public space (perhaps this report is just the first in a series), and we will closely monitor the situation.

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