The platform developed by Sberbank based on the decentralized finance (DeFi) system can be launched before May this year, and open testing of the system will begin in March, said Konstantin Klimenko, director of products at the Sberbank blockchain laboratory. The developers are confident that DeFi will replace the traditional banking market in the future.
“We have set a big goal for ourselves – to make DeFi the number one ecosystem. The system is currently in closed beta testing. Starting March 1, we are moving into the next phase, it will be open testing,” Klimenko said, answering a question from the participants of the VII Perm Economic Congress on Friday. “At the end of April, the platform will be fully open, and then it will be possible to carry out some commercial operations on it.”
Earlier, Sberbank announced plans for the technical integration of its blockchain platform with the decentralized finance (DeFi) ecosystem based on Ethereum. The system will be able to use, in particular, users of MetaMask crypto wallets (its developer is ConsenSys). Users will also be able to transfer their crypto assets from other platforms.
DeFi is a system that allows you to provide and receive an analogue of the usual financial services (crediting, insurance, asset management), as well as perform transactions with blockchain-based crypto assets. Transactions are made using smart contracts, and users control their assets themselves. DeFi exists on the principles of anonymity, has no geographical boundaries, and has ample opportunity to combine different services and products.
The Central Bank of the Russian Federation and the Ministry of Finance have previously noted the risks inherent in blockchain platforms.
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