Alfa Bank launches blockchain payment platform for public services

Thanks to the support of the solution developer Kvartplata 24, the Russian company will allow citizens to consult in real time the status of their debts

The Russian lender, Alfa Bank, created a new platform based on blockchain technology for the payment of public services.

This idea was developed thanks to the collaboration of the developer of cloud-based solutions for automation, Kvartplata 24.

The information on the bill for public services can be consulted through the social security agencies that are responsible for providing subsidies to low-income households.

On the other hand, users will also be able to access reliable information in real time related to the invoices of their services, as well as the payments made, thanks to the blockchain technology.

The process of creating the platform, which is in the blockchain of R3 Coda, was six months.

K. Tovar

Source: Coincrispy

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