{"id":2336,"date":"2016-05-31T10:22:32","date_gmt":"2016-05-31T07:22:32","guid":{"rendered":"https:\/\/forklog.media\/?p=2336"},"modified":"2016-06-01T13:29:11","modified_gmt":"2016-06-01T10:29:11","slug":"qiwi-to-lead-russian-r3-effort","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/qiwi-to-lead-russian-r3-effort\/","title":{"rendered":"QIWI to Lead Russian R3 Effort"},"content":{"rendered":"<p>According to Russian news outlet Izvestia, local payments processor QIWI intends to become the driving force behind creation of a consortium of Russian banks interested in development of blockchain applicability standards.<!--more--><\/p>\n<p>The publication references to an unnamed source close to the processor.<\/p>\n<p>The source ckaims that QIWI has invited Russia&#8217;s largest banks, including Sberbank, Binbank, and Alpha Bank, to join the consortium. The decision to create a blockchain consortium in Russia is said to be inspired by the European and American sanctions imposed on Russia in the wake of the Russia&#8217;s aggression against Ukraine. The sanctions, the publication&#8217;s source elaborated, caused R3CEV to reject Sberbank&#8217;s application to join in the first place.<\/p>\n<p>Sberbank first vocalized <a href=\"http:\/\/forklog.media\/russias-biggest-bank-considers-implementation-of-the-blockchain-technology\/\" target=\"_blank\">its intent<\/a> to join R3CEV back in\u00c2\u00a0December 2015. However, only a week later, the Wall Street consortium announced it closed the first expansion round. Further R3&#8217;s efforts were said to be focused on seeking non-bank partners.<\/p>\n<p>QIWI, Sberbank and Alpha Bank refused to provide any details in regard of the possible R3-like consortium in Russia. However, head of digital businesses at Binbank, Dmitri Kashtanov, confirmed the news to Izvestia. He told the publication:<\/p>\n<blockquote><p><strong>\u00e2\u20ac\u015bIn cooperation with QIWI, we&#8217;re discussing integrating our efforts and participation in the consortium. The consortium&#8217;s objective is to maintain operative interaction between banks in terms of blockchain application, search and discussion of the technology&#8217;s possible application, and training of [relevant] specialists. Additionally, the consortium will seek close cooperation with the Central Bank. It would be easier for the regulator to deal with a concerted position of several major banks, rather than with individual opinions found on the market.\u00e2\u20ac\u0165<\/strong><\/p><\/blockquote>\n<p>Binbank&#8217;s spokesperson also believes that blockchain applications are most promising in areas involving data exchange and smart contracts.<\/p>\n<p>Last September, the Bank of Russia has announced the creation of a working group on blockchain studies. The group is expected to publish its research&#8217;s findings this June.<\/p>\n<p>However, Izvestia&#8217;s source stressed, there is some haste in terms of blockchain application. The source noted that, should crediting organizations fail to proceed with developing the technology&#8217;s standards by the end of the year, the regulator may eventually decline its usage altogether.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Russian news outlet Izvestia, local payments processor QIWI intends to become the driving force behind creation of a consortium of Russian banks interested in development of blockchain applicability standards.<\/p>\n","protected":false},"author":1,"featured_media":747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[22,25,84,313,27],"class_list":["post-2336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks","tag-blockchain","tag-qiwi","tag-r3cev","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"146","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/2336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=2336"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/2336\/revisions"}],"predecessor-version":[{"id":2337,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/2336\/revisions\/2337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/747"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=2336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=2336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=2336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}