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Blockchain & Cryptocurrency
June 2018 www.intellinews.com I Page 19
Obuv Rossii embraces blockchain
Russian footwear manufacturer and retailer Obuv Rossii completed a project for blockchain introduction into its IT-systems to manage financial service projects, such as instalment payments and cash loans, the company said in a press release.
The main aim of the blockchain rollout is to ensure safety of personal data and of information on transactions under contracts with customers, Obuv Rossii said, adding that it it fully adjusted to the company’s IT-systems and integrated with the Obuv Rossii’s ERP-system based on 1C.
“The blockchain is required to manage interaction with customers who use the company's additional services," says IT Director of Obuv Rossii Compa- ny, Dmitry Karpenko. "They are regular customers with whom we have cooperated for a long time. Currently, there are 1.2mn people of such cus- tomers in our data base."
Additional services are becoming more popular, and in 2017, Obuv Rossii's instalments portfolio grew by 20.7% up to RUB3.24bn ($515mn).
"The key task of the blockchain technology is pres- ervation of the entire history of interactions with our customers, such as personal data, information about obligations and payments," Karpenko explained.
The introduction of blockchain will ensure safety, reliability, relevance and authenticity of all transactions, ruling out a possibility of any unauthorized changes, Obuv Rossii said.
In addition, the use of blockchain is expected to prevent both external interferences, such as hacker attacks, failures in communication channel operation, as well as internal issues.
Data related to interactions with customers will be encrypted and stored in distributed ledgers in three data processing centres in Novosibirsk, Khabarovsk and Moscow.
A two-level encryption system is to used. Initially, each contract will be assigned a unique identifier (hash), then the contracts concluded within a single day will be combined in blocks and also encrypted, too.
Two real estate firms in Montenegro sell apartments for Bitcoin
IntelliNews Pro
Two real estate firms in Montenegro – AMIA and Stratex – have sold three apartments for Bitcoin, daily Vijesti reported on June 11.
These are the first known cases of significant deals where cryptocurrency has been accepted as payment in the Adriatic country.
The three apartments on the the Adriatic coast were sold for 420 Bitcoins.
Moreover, at the apartment complex where the apartments are located, people can pay their restaurant bills and for services in Bitcoins.
According to a statement sent to Vijesti, the acquisitions are accepted by the tax authorities
as legal, but the taxes on the deals should be paid in euros (which Montenegro has adopted as its currency) to the state authorities.