Bank of Russia announces prototype distributed ledger networking tool
Central bank planning further DLT prototypes, deputy governor says
Russia's central bank has carried out trials for a "networking tool" for market participants using distributed ledger technology (DLT), it announced on October 5.
The "Masterchain" system will allow the prompt confirmation of data to customers, the bank says in a statement. Russia's "biggest banks" carried out the first test transactions using the system, the statement adds.
The Bank of Russia says this is the "next step" in its efforts to create a suite of DLT tools, following its creation of a
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