Grozny Tests Blockchain Projects Backed By Development Bank (VEB) of Russia

Grozny Tests Blockchain Projects Backed By Development Bank (VEB) of Russia Ibrahim Zakriev, Mayor of Russian City Grozny together with Vnesheconombank (VEB), Russian state-owned development bank, have successfully launched two great blockchain-based pilots to try the technology for the proper management of utilities and housing and lease of all property belonging to the municipality, the bank revealed on July 24. VEB spent almost $40,000 to build the blockchain platforms.
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