Russia: Issuance of Bank Guarantee on Blockchain

Russia Issuance of Bank Guarantee on Blockchain

The subsidiary of Raiffeisen Bank International has associated with Gazprom Neft for issuing bank guarantee on the blockchain. It was issued for the conduct of finance transaction covering four parties Raiffeisen, Gazprom Neft, Mozyr Oil Refinery, and Priorbank of Belarus. The chief of documentary transactions and trade finance, Raiffeisen, declared, “All parties were fully connected to the platform.”

Leave a Reply