Putin Says That Russia Must Stay Ahead In Technology

During a meeting with Herman Gref, the president of Russia’s largest bank Sberbank, Russian President Vladimir Putin spoke about the importance of not falling behind in Blockchain development. Sberbank already introduced Blockchain in their document transfer and storage systems by partnering with Russia’s Federal Antimonopoly Service (FAS) in December of last year. The bank is also reportedly soon opening a cryptocurrency exchange in Switzerland. Gref addressed Putin directly, speaking about what he sees as the need for programs for training professionals in Blockchain due to the sheer size of the industry worldwide. Gref also spoke of a need for “very careful regulation,” not “prohibitions,” in order to promote innovation. In response, Putin, without specifically mentioning Blockchain, brings up the question of why Russia needs this industry, when “we have everything […] oil, gas, coal, metals of all kinds […] gold, platinum, diamonds, everything!” He then says that the industry is developing well in Russia and has a “good intellectual base.”

Reference: https://cointelegraph.com/news/without-mentioning-blockchain-putin-says-that-russia-must-stay-ahead-in-technology

Share this: