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Rostec Behemoth to Use Waves Protocol For Data Management

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Thu, 13/09/2018 - 10:35
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Rostec Behemoth to Use Waves Protocol For Data Management
Cover image via U.Today
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The Rostec conglomerate that owns a large number of shares in numerous companies and plants all over the country now is cooperating with the Waves team. Rostec intends to create an open ledger system to help it operate the data of its immense holdings, among which are Avtovaz and world-famous machine gun producer Kalashnikov, also known as AK-47.

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Rostec has made a contract with a Waves-founded platform Vostok. Both parties to the agreement will invest $2 mln to develop the project. By October they plan to create and publish their roadmap.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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