Sberbank and MTS accomplish security deal through Blockchain

The Sberbank and the MTS have accomplished the complete cycle of security dealing through smart contracts. The transaction was carried on a blockchain platform of Russia’s central securities depository, powered by Hyperledger. The Sberbank announced, “The use of the blockchain allowed securities and money to be transferred simultaneously.”

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Sberbank and MTS accomplish security deal through Blockchain

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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