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Sberbank will advise Rosseti on blockchain issues

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Rosseti and Sberbank have announced cooperation. The bank will advise the grid holding company on the practical use of the blockchain. This is stated on the Rosseti website.

The financial institution will give the company access to the products of its ecosystem. The Bank will also share experiences and developments in the field of the Internet of Things (IoT), business process automation, robotics, VR / AR, BigData and artificial intelligence.

In addition, Rosseti will have access to Sberbank's innovative solutions development lab.

According to Sberbank President German Gref, the agreement allowed for a new level of cooperation between the bank and the country's main power grid holding. He added that the partnership will allow both companies to use advanced technology solutions to improve their businesses.

Recall that in April, representatives of Sberbank stated that they did not see risks when using the blockchain technology.

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