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

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 Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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