Pension Fund of the Russian Federation offers incorporation of “smart” work agreements, which will be signed electronically with the help of electronic signature.

According to Izvestia, the foundation will make significant cuts in data storage and service costs.


The publication noted that this way the foundation intends to unite all its data systems in a unified digital blockchain platform until the yearend.

“The incorporation of “smart” agreements will give the opportunity to avoid compulsory paper formulation in the future with the necessary information always at hand,” Russian Pension Fund noted.


Besides, the new system will allow “additionally protecting the citizens from dishonest employers, who sign work agreements with violation of law.”

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