To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
Zuckerberg discussed "TikTok danger" during private dinner with Trump

Facebook spokesman says that Zuckerberg 'cannot remember' discussing the issue of TikTok wit...



Shoe sellers in Russia have thought about their own crypto currency



The company already uses blockchain.



28.May.18 6:30 AM
By Shawn Highstraw
Photo Toinnov.com

   188

Shoe sellers in Russia have thought about their own crypto currency
More and more companies around the world are studying new technologies, trying to maximize the benefits of using blockchain. For example, the company "Footwear of Russia" is implementing a development aimed at protecting customer data. First of all, we are talking about those citizens who make purchases, attracting borrowed funds.

As the IT director of the group Dmitry Karpenko explained, three data processing centers are used to store encrypted data under credit agreements. According to him, the infrastructure of the service is based in Moscow, Novosibirsk and Khabarovsk.

In order to secure information about borrowers and information on transactions, the blockchain solution was aligned with the interests of the company and integrated with the ERP system. The group management notes that it is ready to launch its own virtual currency: the working system has mechanisms for its creation. At the same time, the company is in no hurry to implement the project, because it wants to wait for the adoption of the norms governing the crypto-currency market in Russia.

Recall, the Central Bank does not consider the digital currency a reliable way to invest, and the Ministry of Finance announced the inability to use it for settlements in the territory of the Russian Federation.



Back to the list


Related Information: