Rostec Behemoth to Use Waves Protocol For Data Management

News
Thu, 09/13/2018 - 10:35
Yuri Molchan
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
Cover image via U.Today

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.

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.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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