Blockchain Research Centre in Russia
Vnesheconombank (VEB), the Russian state-owned development bank, has announced a new research center focused on Blockchain and other technologies. The Ministry of Finance, the Ministry of Economic Development and the Ministry of Communications and Mass Media are also involved with VEB in this initiative.
The center will be located at the National University of Science and Technology in Moscow, and will be a part of an expansive digital initiative by the Russia government at the behest of Russian president Vladimir Putin.
VEB Chairman, Sergei Gorkov said of the centre launch:
“In September, we will open the first centre focused on Blockchain, convergent, and quantum technologies at the National Univeresity of Science and Technology (MISIS). We plan to create a group of investment funds with external financing from both Russian and foreign investors.”
Besides, VEB is also working with Indian firm SREI Infrastructure Finance to generate a $200 million innovation and information technology fund. It is believed that the fund will help produce investment opportunities with technology firms in Russia and India, as well as other countries with potential. VEB has always maintained an enthusiastic tone about new advancements like Blockchain technology.
This partnership between Russian government and Indian Srei is also a part of Russia’s national digital economy initiative by President Putin. Laid out with the intentions to promote Russia’s strategic development, this digital economy program intends to provide 97% of Russian households with broadband internet access by 2025.
A consortium of Srei officials recently visited the Russian Quantum Centre, headquarter of Russia’s quantum-safe Blockchain, to talk about the best applications of quantum physics to technological developments.
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