Using local blockchain platform Masterchain, which is a Russian network for transferring valuable data via blockchain, the bank issued a document containing data on the parties in the transaction, the credit loan and its duration, and the property purchased was published in a decentralized depositary system (DDS). The document verified with an electronic signature is sent to Rosreestr — the Russian state agency collecting data on real estate — where it is checked. After the verification, a “mortgage token” goes into file storage, which in this case is Raiffeisen Bank.