The first Deputy Chairman of the Central Bank Olga Skorobogatova reported that the Central Bank is discussing the creation of the settlement system and transfer messages to the EEU on the basis of the blockchain technology. She said this at the Congress of the Association of Russian banks.

“We are discussing the use of digital technologies to create system and message transfer calculations at the level of the EAEU. Will it be a supranational structure,” said Skorobogatova.

According to her, the system will use the distributed registry to perform calculations and transmit information to the Eurasian economic Union. While existing in the countries the payment system will not be affected, she said.

Skorobogatova said that in Bank of Russia consider possibility of application of already existing technologies, such as “Mastercam”.

“This year we hope to discuss with market participants the solutions to this complex but important project”, — concluded the first Deputy Chairman of the Bank of Russia.

Earlier Olga Skorobogatova already talked about the development of Central Banks of the EAEC system of transmission of financial messages based on blockchain technology. However, it was recognized that while the technology “raises many questions”:

“A lot is said about what a wonderful and almost perfect blockchain technology. Actually she has a lot of questions, it does not solve is the question of performance, load, security and so forth.”

We will remind, earlier it was reported that the Central Bank of the Russian Federation considers possibility of a supra-national cryptocurrency on the territory of the EAEU. And Advisor to the President of the Russian Federation and the regional policy Sergey Glazyev is confident that by the end of the year in one of the countries of the Eurasian economic Union may appear the national cryptocurrency.