Blockchain Heats up In Russia – Government Includes Distributed Ledger Plans in Roadmap

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Russian Minister of Communications and Mass Communications Nikolai Nikiforov told a Russian Audience in Moscow at a forum on the Internet economy last week that it’s necessary to examine the possibility of using Blockchain technology in the public interest.

“Blockchain technology as a new subspecies is very interesting, because it can be used in many areas, not necessarily in cryptocurrency. Generally, it should look like in the public interest in terms of protection and certain aspects of this technology can be used,” the minister said.

Nikiforov added that it is very interesting to monitor its development and to conduct various studies.

“We need to look at the horizon of 5-10 years and how this technology can help the national economy, relations between citizens and the state – there are many different areas”

According to another recent report in the Russian press, at Cnews.ru written by Igor Korolev, a new roadmap that pitches the proposal to ‘legalize’ Blockchain technology by January 2017 was submitted to President Putin on December 22, 2015. The roadmap is a supplement under the wider proposal called “Internet Program 2025”, an initiative that puts together proposals for the development of internet and communication as a whole in Russia.

“Blockchain – is not the same thing as Bitcoin – it’s a revolutionary technology using distributed databases that could be helpful to banks and organizations that work with securities,” said one government representative from the Supervisory Council Institute of the Internet (IRI).

Co-founder of the payment system Qiwi, Andrei Romanenko, (who helped draft the Internet roadmap), is committed to Blockchain technology and that’s not surprising really as Cryptocoinsnews writes:

It comes as little surprise that Romanenko is vouching for blockchain technology as payment operator Qiwi announced the creation of a new cryptocurrency called Bitrubles in 2016. Company CEO Sergei Solonin also met with regulators and representatives of the central bank to discuss butrubles. At the time, Solonin also said Qiwi is testing sandbox distributed ledger platforms and testing them in accordable with Russian law. “For example, we are working on the creation of a system for the identification of cryptocurrency users,” Solonin confirmed.

As Blockchain News recently reported, Sberbank, Russia’s largest bank by assets, has joined R3 and is actively researching and working on Blockchain technology.

Richard Kastelein

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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