9 months ago

Russian pension fund will implement smart contracts to monitor information about employment contracts between employers and employees.

It is expected that the introduction of Distributed Ledger Technology (DLT) will allow to reduce data storage costs and protect residents of the country from fraud by employers when drawing up employment contracts.

According to the data of the Federal Service for Labor and Employment, in 2017 about 465,000 appeals from citizens for violations of labor rights were filed.