Global Blockchain network for financial institutions: Russia's NSD launches D3ledger

the Russia's National Settlement Depository (NSD) is on the verge of a long-advertised Blockchain project to introduce. Artem Duvanov, head of innovation, and Director, NSD, said Coindesk compared to that he had chosen Switzerland as the place of jurisdiction for D3ledger (Decentralized Digital Depository), because of their favorable regulatory environment, and market potential for digital assets.

Brigitte Bernhardt
23. May 2019BTC$7.796,00 -1.83% part Facebook Twitter LinkedIn xing mail

The NSD is a member of the Moscow Exchange Group and the CSD of the Russian Federation. It offers infrastructure solutions and post-trading services for financial market participants.

since 2017, the NSD is working on D3ledger. Another Joint-Venture Partner, Soramitsu, a leading Hyper-Ledger-developers. The objective of this project is to provide a Distributed Ledger for Post-Trade Services with a single interface build. The network supports the safekeeping, Token generation, OTC and exchange - trade processing.

The network consists of the Distributed Ledger to the management accounts and tokens, links to other Blockchains, as well as Web and mobile interfaces.

While other DLT initiatives, such as in Switzerland, SDX, and in the US, the JP Coin, mainly focus on your own customers and your own Blockchain, you have to go more in D3ledger a step. It will be the first interoperable Blockchain-network, with the financial institutions from various markets, digital assets, spend values, save, and exchange can act.

symbiosis of Private and Public Blockchain

The basic idea in D3ledger is the combination of a public and private network. Start should be in June, with different Assets: a Security-Token, crypto-currency, Sora is the Japanese technology provider Soramitu; the two largest crypto-coming currencies according to market capitalization, Bitcoin and Ethereum. In addition, the Integration of all ERC20-Token running on the Ethereum Blockchain, is provided.

In the case of Bitcoin and Ethererum be called the Depository receipts are used, similar to that for shares. To make in the foreign tradable without you there allow. Keeping the Coins in the DL network to avoid the risk, which is usually when Storing Bitcoin on an exchange.

According to Duvanov is extended D3ledger the next step is to have a Stable Coin, in order to provide secure cryptographic transactions in the open market (OTC). In addition, trading partner on the Basis of a delivery-versus-payment (DVP) is secured.

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