Russia Intends to Launch a Blockchain Project to Identify Bank Customers

Russian developers used blockchain technology to implement several pilot projects on biometric identification for bank customers. The projects were the subject of discussion at early April’s meeting of “Internet + Finance” group.

Attending the meeting were Pavel Pugachyov, deputy head of Russian President’s directorate for Development of IT and E-Democracy, Andrei Romanenko, head of “Internet + Finance” group, Vladimir Averbach, director of E-Government Development Department at the Ministry of Communications, as well as representatives from the Central Bank, Federal Tax Service, and the Ministry of Communications.

One of the blockchain-based projects presented at the meeting was dealing with the exchange of customer identification data between organizations. The project was managed by Piotr Darakhvelidze, development director at WebMoney.

Another project, managed by VisionLabs’ CEO Alexander Khanin, is focused on remote user identification with biometric data.

Both of them are expected to present reports on working principles and purposes of those projects at the next meetup, so that “Internet + Finance” members could choose the preferrable option.