Depositories of Russia and RSA to cooperate in the sphere of distributed ledgers

Depositories of Russia and RSA to cooperate in the sphere of distributed ledgers

 

National Settlement Depository of Russia and analogous organization of the Republic of South Africa, Strate, are planning to join efforts in the development of Distributed Ledger Technology (DLT).

Companies signed a corresponding agreement at the Sibos forum in Geneva. Partnership implies collaborative development of scenarios of DLT application in electronic resources for remote voting.

Besides that, partners will consider the possibility of sharing information on regulation and standards of distributed ledgers, as well as joint investments in innovations development.

When signing the agreement, companies’ representatives expressed confidence that DLT and blockchain will change the current vision of financial system.

Central depositories of other countries have shown interest in joining the partnership.

We shall remind that this spring National Settlement Depository of Russia has presented a prototype of blockchain-based electronic voting system.

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