Enterprise blockchain project Masterchain is falling short of expectations – and Russia's largest bank is looking for other options.
The blockchain subsidiary of the Russian e-payments firm Qiwi plans to incentivize staff by giving them tokens tied to the firm's net profits.
Russia's is eyeing use cases for blockchain even as proposed legislation will clamp down on crypto.
The Central Bank of Russia may use its ethereum-based Masterchain software to communicate financial messaging across the Eurasian Economic Union.
Russia's financial incumbents are moving ahead with work on a new distributed ledger platform designed for enterprise use.