Sberbank connects to Waves Enterprise blockchain for mutual settlements – Bits Media

Sberbank successfully tested the interaction of his corporate platform based on the Hyperledger Fabric blockchain with the Waves Enterprise platform.

Thanks to the integration mechanism, introduced to the Sberbank platform, External networks can access digital assets, as well as use smart contracts and applications of external networks for calculations with these assets. During testing, several pilot transactions were successfully carried out using smart contracts. With their help, the coins moved from the Sberbank platform to the Waves Enterprise network. Transactions were made between different owners, and then the coins were sent back to the Sberbank platform.

Now the interaction of these two platforms depends on a special gateway, However, next year it is planned to introduce mechanisms, which will allow systems to directly interact with each other. Alternative solutions consider the Gravity protocol and the Hyperledger Cactus framework. The leadership of Sberbank reported, that successfully executed transactions on the platforms of Sberbank and Waves Enterprise have proved the possibility of calculations between companies, Using different blockchains.

Commercial Director of Waves Enterprise Igor Kuzmichev said, that the Waves Enterprise systems can use as state customers, so private companies. Therefore, the connection of financial instruments of one of the largest Russian banks will significantly expand the possibilities of mutual settlements using digital assets and electronic payment funds. Besides, This will ensure compatibility of different blockchain -based solutions in the financial sector.

Director of the Transactional Business Department Sberbank Sergey Popov said, that this opens up new prospects for the customers of the bank and all the participants in the blockchain industry. IN 2021 year, After the entry into force of the law "On digital financial assets (CFA) and digital currency ", Companies will be able to conduct calculations with the help of smart contracts. Besides, After the entry into force of the Law on Tsf, Sberbank plans to officially launch its own Sbercoin stablecoin, tied to the Russian ruble.

Recall, that last year Sberbank received a patent for a system of automatic execution of repo transactions using blockchain.