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Home News Russia's Yandex Director Lauds Blockchain For More than Fintech Alone

Russia’s Yandex Director Lauds Blockchain For More than Fintech Alone

On December 23rd, 2015, Yandex Director for Technology Distribution Gregory Bakunov presented his views on the future of Blockchain at a recent conference in Moscow.

“People realized bitcoin was a concept no one had to accept ‘as is’ and that Bitcoin is a concept around money.But at its core, underlying it, is blockchain technology, which is very interesting as it is.”

Russia’s Yandex ranked as the 4th largest search engine worldwide, that like Google, also develops a number of Internet-based services and products.

“Blockchain could build brand new, totally magical things without even using the Internet. It is a scheme which allows for distributed construction of a monetary/non-monetary system of some kind. “

“Right now many companies I know of are working on improving the technology to apply it in the Internet of Things. The very technology of blockchain will be extensively used by the whole fintech [industry] next year. Thank god, it will go beyond it.”

Bakunov mentioned the blockchain again during his talk about artificial intelligence:

“There are lots of interesting insights, which allow using blockchain as a substrate for data transmission within an AI system. The concept is terribly interesting, and it’s about to work the next year.”

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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