Blockchain-powered Platform for Utility Payments Introduced in Russia

A blockchain-powered platform for utility bill payments has been launched by a leading Russian private lender, Alfa Bank. The aim of the blockchain-powered platform launching is to enhance the transparency for the utility sector. The platform will allow the users to get reliable information regarding the utility bills with real-time access and will be made available for the local lenders.

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Blockchain-powered Platform for Utility Payments Introduced in Russia

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.

Blockchain 101 · Crytpo Currency Market
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