Raiffeisen issued a mortgage mortgage on the blockchain
The developed system is an IT infrastructure designed to organize business processes between the Depository accounting and storage.
First, the client financial institutions have filled in the fields of special form, then the document was electronically signed and sent as an xml file in Rosreestr. After verification of the document and its registration with the government Department sent the file to a Depository storage of the Bank.
"Node Depository storage retrieves the file and sends it to the file vault. This creates a token mortgage credited to the relevant securities account. The use of blockchain technology provides maximum security of data on electronic mortgages. The process of registration of the transaction is greatly simplified, time is reduced, the risks of lack of security are minimized", — said the head of the Directorate of it of Raiffeisenbank Andrei Popov.
Meanwhile, the savings Bank has for some time successfully introducing blockchain technology. At the end of last year, the press service of the main Bank of the country announced the start of a project for exchange of office documents through the blockchain with the Federal Antimonopoly service.
"Information and documents exchanged between the FAS Russia with Sberbank successfully transferred and stored encrypted using blockchain technology and certified in the Russian Federation of cryptographic capabilities", – said the representatives of financial institutions.
The ability to store and transmit documents using a distributed registry was studied last year. In testing was attended by Sberbank, Antimonopoly service, "Aeroflot" and a number of other companies.
The Bank believes that the blockchain will help to significantly reduce the cost of document management. In addition, this technology allows you to work without intermediaries and to provide end users with direct access to the documents.
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