Paul Hackley

Russian Sberbank And Power Giant Rosseti To Dive Into Blockchain

Russian Sberbank and power giant Rosseti agreed to cooperate. Sberbank will provide Rosseti with its experience and developments in the field of the practical apps
Russian Sberbank And Power Giant Rosseti To Dive Into Blockchain

On Thursday, Oct. 4, Russian Sberbank and power giant Rosseti agreed to cooperate in the “development, search and acquisition of new technologies.”

As a part of the agreement, Sberbank will provide Rosseti with its experience and developments in the field of the practical applications of Blockchain, Internet of Things (IoT), business process automation, robotics, artificial intelligence (AI). Sberbank will act as a strategic consultant to improve the efficiency of the current performance of the power company.

“The strategic partnership of Sberbank and Rosseti in the field of innovative development will allow both companies to use the most modern technological solutions to transform their business and increase customer satisfaction,” said Sberbank CEO Herman Gref.

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