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

Thu, 13/09/2018 - 10:35

Rostec Behemoth to Use Waves Protocol For Data Management

Cover image via U.Today

Read U.TODAY on

Google 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 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.

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.