Raiffeisen released a bank guarantee on the R-CHAIN

Banks of the Raiffeisen Group have released an international banking guarantee on the blockchain as ensuring the supply of goods between Gazprom Neft and Belarusian MNPs. The new model increases transparency, reduces the costs and time of the operation.

Participants did not disclose «

The issue of the payment guarantee at the blockchain was carried out by Pri’orbank, the Belarusian representative of the Raiffeisen group, and the beneficiary was represented by Raiffeisenbank. Before such operations were used by the international SWIFT system, but in it the system procedure takes quite a long time and limits the possibility of monitoring it with customers.

Despite the use of the R-SHAIN platform, Raiffeisenbank will continue to work with «Master», on the basis of which previously released

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