Alfa-Bank has launched a blockchain service for liquidity management at Waves Enterprise

Alfa-Bank, in partnership with the Russian retailer X5 Retail Group, launched a service for managing payments, credit-deposit products and liquidity based on the Waves Enterprise blockchain solution. This is stated in the press release of the bank.

A service called Distributed Treasury and Cash Management (DTCM) is intended for corporate customers of the bank. The application is powered by Waves Enterprise technology.

“The key difference between DTCM is that we give the client not a channel for sending orders to the bank, but a way to independently determine the business logic of the product and actually create a bank convenient for the client,” Alfa Bank said.

Users will have access to manage a pool of companies, limits and positions. Interaction with the bank will occur through electronic signature and smart contracts.

Recall, Waves launched Waves Enterprise, an enterprise-oriented business unit, in July.

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