Russian State Pension Fund eyes on blockchain for Employment contracts

Employment Contracts by Blockchain

The Russian state pension fund (PFR) plans to embrace blockchain in labor relations. The fund would introduce smart contracts which will act as employment contracts between the employers and employees. The blockchain integration is expected to curtail unnecessary paperwork and lessen storage and maintenance costs. The system would prevent violation of employment contracts.

Leave a Reply

Your email address will not be published. Required fields are marked *