Blockchain R&D center in Kiev
A blockchain is a distributed database that maintains a continuously growing list of data records. This technology offers protection against tampering and revision, even by operators of the database. It is used as a distributed transaction ledger for some cryptocurrencies, including bitcoin.
In particular, the company plans to connect Ukrainian banks to Ripple, an Internet protocol to secure financial transaction data and accelerate payment transactions, according to Ukrainian tech blog AIN.UA.
The Blockchain technology is quite popular in the country, and many Ukrainians are among advanced Bitcoin users, according to BFU.