Russia’s largest bank buys $15 million in debt using Hyperledger's blockchain
Sberbank, the largest bank in Russia, bought roughly $15 million worth of accounts receivable from the Singapore-based commodity trading giant Trafigura using a blockchain, CoinDesk reports. A spokesperson for the bank said the pilot transaction was made on the Hyperledger Fabric platform and took advantage of Fabric’s private collections feature, which can keep a certain set of data confidential among a subset of network participants.
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