VTB Capital says ‘blockchain has no commercial use’

VTB Capital has no interest in adopting blockchain technology for banking, said Dmitry Snesar, VTB’s head of client coverage, at VTB Capital’s Russia Calling conference in Moscow this week.

  • By Lewis McLellan
  • 29 Nov 2018

“I don’t see any commercial use for blockchain, so we are not pursuing it,” said Snesar during a panel on digital banking. “The hype is over and we don’t see any commercial sense in adopting it. Perhaps we’ll regret that in the future, but that’s our position."

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