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Russian joint venture for blockchain, IoT

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There’s a new Russian joint venture called MF Technologies (MFT) which plans to address blockchain, IoT, and other digital services. The partners are telecoms company Megafon, Gazprombank, Rostekh state corporation, and mining and media conglomerate USM Group. The group plans to build cross-industry blockchain projects but also mentioned creating digital financial platforms using Gazprombank’s expertise. Gazprombank said “We continue to see opportunities to cooperate in the distribution of financial services for the users and in b2b solutions to the best interest of all partners of the joint venture. Any cooperation will be based on fully commercial terms.”

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