Government Needs Blockchain Platform Concentrated On Stability

Government Needs Blockchain Platform Concentrated On Stability

The Vice-Minister of the Russian Ministry for Telecom and Mass Communications – Minkomsvyaz has stated that, for Blockchain to be adopted on the authorities’ stage, it’ll be important to create a platform which does not involve mining, as stated by Russia’s information resource – RNS on March 1.


Vice-Minister Alexei Kozyrev stated at the start of the Kritposredsa forum, that the implementation of a Blockchain system might assist resolve the issue of long-term storage and safety of information and several types of identification. Alexei Kozyrev mentioned that to meet those necessities, the platform should be unified and multipurpose.

Alexei Kozyrev said:

“The present solutions in Blockchain from an organizational point of view are very, very risky. In line with information from Tokendata, more than fifty percent of Blockchain systems created have already gone bankrupt or disappeared. If we’re speaking about how the authorities will undertake Blockchain, then glaringly we can’t expect systems which were created by industrial businesses, due to those systems are very, very unreliable. On this manner we recognize, that we need to create our personal platform for Blockchain.”

Blockchain technology

The Russian government has already moved ahead with Blockchain projects during remaining 12 months. In early December, the government of Moscow started a pilot check on the usage of Blockchain technology to enhance its local voting systems and refine transparency in its Active Citizen initiative. On December 19, Russian state-run bank, Sberbank, introduced a partnership with Russia’s Federal Antimonopoly Service to enforce information transfer and storage using Blockchain.

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