Rostec Behemoth to Use Waves Protocol For Data Management

  • Yuri Molchan
    📰 News

    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 Behemoth to Use Waves Protocol For Data Management

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 has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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