Sberbank joins Enterprise Ethereum Alliance

By Andrei Skvarsky.

Sberbank, Russia’s biggest lender, has become the country’s first bank to join the Enterprise Ethereum Alliance (EEA), a nonprofit whose purpose is to coordinate the engineering of an open-source reference standard and a version of the Ethereum trading blockchain that can address the common interests of firms in a wide range of industries.

The numerous members of EEA, which was set up in March 2017, include major banks such as Credit Suisse, ING, JPMorgan, Santander and UBS.

Membership of EEA “implies for us access to cutting-edge developments and international expertise in blockchain technology”, a Sberbank statement quoted Lev Khasis, first deputy chief executive of the bank, as saying.

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