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In the Russian Federation, they proposed to introduce blockchain into the system of individual pension capital

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The Association of Non-State Pension Funds (ANPF) proposed to introduce blockchains into the system of individual pension capital (IPC). A letter with a proposal sent to the Pension Fund of Russia (PFR), writes the publication "Izvestia".

The document says that the blockchain will allow transparent administration of retirement accounts. Also, the technology will help control the process of changing Russian non-state fund and thereby avoid losing investment income during an early change of organization.

We note, according to the Central Bank of the Russian Federation, in 2017, due to the early transition from the Pension Fund of Russia to NPF, almost 3 million Russians lost 33 billion rubles.

At the request of the publication, representatives of the FIU stated that they were familiar with the initiative, but declined to comment.

The concept of the PKI, developed by the Ministry of Finance and the Central Bank, suggests that a working Russian will make contributions from 1 to 6% of his salary for a funded pension. According to TASS, the government expects to submit to the State Duma a draft law on the ICE closer to the end of 2018.

Earlier, BlockchainJournal reported that the FIU plans to introduce smart contracts to track information about employment contracts between employers and employees.

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