Blockchain Adoption Could Take 10 Years Says Sberbank Chairman
The head of Sberbank considers the wider-scale Blockchain Adoption in Russia could take at least a decade.
As Quoted by state-owned news agency TASS, Herman Gref, Sberbank’s chairman of the board, suggested on Thursday (21st Dec 2017) that the establishment can roll out products depending on the technology as early as next year.
However, the broader Blockchain Adoption could take considerably more than this, as stated by the Sberbank chief.
Gref stated that:
If we speak About Russia, we’ve got the largest number of employed projects regarding blockchain. Although, they’re all in the experimental mode. We’re experimenting a lot. Maybe in 2018, we are going to have the ability to present some goods on a big scale. The blockchain tech is just one of our suggestions. I estimate the execution horizon of this tech in 8 to 10 years.
In the interview, Gref especially noted that commercial usage of this ethereum blockchain could start playing from another couple of years. Sberbank became a part of the Enterprise Ethereum Alliance back in October.
He commented the technology isn’t yet ready for commercial implementation it takes another year perhaps a year and a half or even two before we begin using it.
Before this season, Gref said that the usage of blockchain by banks might be only “two to three years away.” At the moment, he noted that Sberbank is functioning on its blockchain software.
Source: http://www.unkrypted.com/blockchain-adoption-take-10-years-says-sberbank/
Further reading
Further Reading
Article
What Affects Truckload Shipping Costs?
Truckload shipping is a cornerstone of modern supply chains, responsible for moving goods efficiently across regional, national, and international networks. For businesses that rely on timely deliveries, understanding what influences truckload shipping costs is essential for optimizing logistics budgets and maintaining operational efficiency. Costs associated with truckload shipping can vary widely depending on several factors, from cargo type to route optimization. By analyz
January 7, 2026
Article
The Unlikely Call Center: Why the World is Dialing into Pakistan
Imagine itâs a typical Tuesday evening. Someone in a bustling North American city has a question about their internet bill. They pick up the phone, dial a familiar customer service number, and within moments, theyâre connected to a calm, articulate agent who resolves their issue efficiently. What the caller might not realize is that the helpful voice on the other end is speaking from a modern office in Lahore or Karachi, halfway across the globe. This scenario is playing
November 19, 2025
Article
How Qualified Solar Leads Can Improve Your Conversion Rate
Introduction: The Changing Face of Solar Sales In the fast-evolving world of renewable energy, the solar industry has witnessed remarkable growth. But with that growth comes competition â and not just for customers, but for the right customers. Many solar companies are discovering that chasing countless leads doesnât always bring better results. What truly matters is the quality of those leads. A well-qualified lead isnât just a number on a list; itâs someone genuinel
October 29, 2025