Russian City Pilots Blockchain Payment System

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Tue, 02/20/2018 - 19:10
Alex Dovbnya
Cover image via U.Today

The Russian government-owned development bank Vnesheconombank (VEB) has come to an agreement with the Kaliningrad government to pilot a Blockchain-based payment platform. The VEB and the city's government are hoping that Blockchain technology will improve the efficiency of social services by cutting costs and increasing transparency.

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