Consortium Blockchain Russia Ready to Test System Messaging

After Blockchain Russian consortium was formed some time ago, several large banks have also joined in the consortium. Likewise also with companies in Russia who see the potential behind the technology Blockchain.

Written in Newsbitcoin.com, July 5 yesterday, the consortium now has even had a messaging system in Blockchain. Vice Chairman of the Central Bank of Russia, Olga Skorobogatova said, "We have a number of major banks and companies also have confirmed that they joined in the consortium. We have created a technical prototype for system messages in Blockchain, and will be piloted by the old market players, "he explained.

"The messaging system is likely to use ISO, SWIFT, or also other formats. With the potential Blockchain based payment system as the next step, "he added.

Russia have been pretty much known for banning Bitcoin effort. However, related to digital currency, Russia appears to seek to develop its own currency which allows centrally. So later, issued and controlled by the bank.

Also written in Newsbitcoin.com, that Russia is also trying to speed up banking procedures. This was done in order to be able to create an international financial gateway that can run in parallel with other financial institutions around the world.

Russian central bank itself, has had a special team since February last, specifically to see and study the potential Blockchain. The team, also look at possible areas to be implemented later.

Meanwhile, if related to Bitcoin, that would still not regulated, legal perspective still remains grim in Russia. Although many are already aware, that Blockhain be the backbone behind Bitcoin.