Sberbank connected to the Waves Enterprise blockchain


Sberbank tested interaction of its business platform based on Hyperledger Fabric and the Waves Enterprise platform.

The integration mechanism put on the Sber platform allows participants of external blockchain networks to access digital assets. It also allows the use of smart contracts and applications available in external networks to settle with these assets.

In addition, several pilot transactions are carried out using smart contracts transferred from the Sberbank platform to the Waves Enterprise network. The latter performs several transactions between different owners, then the tokens are returned to the Sberbank platform.

Next year, there are plans to implement interoperability mechanisms for the direct interaction of two blockchain networks. Sberbank considers the Gravity protocol and the Hyperledger Cactus framework as possible solutions.

He also expressed the hope that after the “digital financial assets” law comes into force in January 2021. Companies will be able to make mutual settlements using smart contracts.

Recall that in November, Sberbank announces its intention to launch a blockchain platform through which users will be able to purchase digital financial assets.

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