According to current news from RIA Novosti, Russia’s central bank is already working to launch a digital mortgage through Masterchain.
The central bank has already sent proposals to the government and the Federal Registration Service, said Olga Skorobogatova, the central bank’s first vice president.
“Masterchain has started working with electronic mortgages, we have 9 banks, one special depository and Rosreestr is involved in working on electronic mortgages. Electronic mortgages in a distributed registry are basically the basis for the further launch of a digital mortgage.
We have now submitted a proposal directly to the government and Rosreestr to complete the mainstream mortgage operations process.” Olga said at an online meeting of the working group on the central bank’s annual report.
Masterchain is the first blockchain platform in Russia to receive a certificate and a positive verdict from the Federal Security Service of the Russian Federation (FSB).