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Dmitry Medvedev acknowledges SWIFT substitution for blockchain

Russian Prime Minister believes that in the future the existing control system can be replaced by innovative financial technologies.

This statement was made in an interview with China's Central Television on the eve of the meeting of Russian and Chinese heads of governments.

"If these technologies will be implemented in the financial life, then, many regulatory tools, which until recently we have been actively talking about and which are used today with might and main, including, for example, SWIFT notifications and some others, are likely to disappear," Dmitry Medvedev said.

As an example, the Prime Minister cited blockchain technology, on the basis of which the pilot project Digital Ecosystem for the exchange of documents, launched by Sberbank and Russian FAS, was created.

Source: forklog.com

  • November 7, 2016 7:26 AM MSK
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