Gazprombank is teaming up with other Russian corporate giants on a 450 scheme to develop blockchain projects. Government corporation Rostec, telecoms provider MegaFon and the USM Group are also taking part in the joint venture, MF Technologies (MFT). The initiative, which has a 59% stake in Russian web giant mail.ru, will see the companies use Gazprombank resources to develop digital financial solutions and implement innovations based on blockchain and the internet of things across a range of industries.
Gazprombank is teaming up with other Russian corporate giants on a $450m scheme to develop blockchain projects. Government corporation Rostec, telecoms provider MegaFon and the USM Group are also taking part in the joint venture, MF Technologies (MFT). The initiative, which has a 59% stake in Russian web giant mail.ru, will see the companies use Gazprombank resources to develop digital financial solutions and implement innovations based on blockchain and the internet of things across a range of industries.