Delovaya Sreda (â€śBusiness Environmentâ€ť), a subsidiary of Sberbank of Russia, has launched Cornerstone, a free service for execution of protected transactions using blockchain technology.
The company’s representatives noted that Cornerstone, apart from being totally free of charge, is also capable of dealing with micro and macro transactions while keeping them 100% secure.
â€śThe bank’s interest is that banks may offer their services for turnover, transactions insurance, and crediting their corporate parties,â€ť the company’s representative told Rusbase.
According to the developers, Cornerstone has been created using Ethereum smart contracts as well as Dash and Lightning Network technologies. The service has already run a test transaction between Trademarket, a Russia-based company, and Hangzhou Xiaoshan Tianyu Machinery (China).
â€śDelovaya Sreda is currently negotiating wider application of the technology and adding supplementary services therein with several interested businesses,â€ť the company noted.