Russian government prioritizes Blockchain development

Russia is supercharging their development of blockchain, quantum computing, AI and 5G. 142 Total views.

Russian First Deputy Prime Minister Andrey Belousov, addressing the higher chamber of the Russian parliament on Wednesday, named blockchain as one of the technologies that the government will prioritize in the near future.

Belousov said that the government will support technologies that facilitate the interactions between the state and the largest corporations.

In addition to blockchain, he named a number of other key technologies: AI, quantum computing, new materials, quantum sensing, microelectronics, Internet of Things, 5G technologies, quantum communications and energy.

The task before us is to practically re-create a system of venture financing that attracts private capital and public-private partnership.

Relevant proposals from industry have already come in.

In the recent parliamentary elections, almost 30,000 Russians were able able to cast their votes via an online platform that was built on Waves' permissioned blockchain.