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Prime Minister of Russian Federation made an assumption of SWIFT substitution on blockchain

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Prime Minister of Russian Federation made an assumption of SWIFT substitution on blockchain

Dmitry Medvedev, a Prime Minister of Russian Federation admitted in an interview to China Central Television that it’s possible to replace the existing regulatory system to innovative financial technologies in the near future.

 

He made a statement that if these technologies will be embedded in the system of finances, then, apparently, many management tools will disappear, which recently were actively discussed and which used today, including the notifications SWIFT and some others.

 

A Prime Minister also added as an example a pilot project Digital Ecosystem based on blockchain technology with the aim of documents exchange, launched by Sberbank and the Federal Antimonopoly Service of Russian Federation.