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Russia joins forces with Ethereum Foundation to deploy Blockchain technologies in state administrations

The partners will also launch joint educational and training programs within an upcoming VEB Blockchain competence center

Sep 07, 2017
This past Tuesday VEB, a major state-owned Russian development bank, signed a partnership agreement with the Ethereum Foundation to develop and implement Blockchain-based government applications.

The Foundationís founder Vitalik Buterin and VEB President Sergey Gorokov Chairman both took part in the signing ceremony, which was held during a Blockchain conference in Kazan, the capital of the innovation-friendly republic of Tatarstan.

The agreement includes a "long-term and effective partnership in the implementation of projects using a distributed registry technology and the Ethereum platform," as well as the formation of an Ethereum expert community.

This competence center is designed to "unite the efforts of all interested parties and create an ecosystem of innovations," said Gorkov. It is scheduled for opening in September at MISiS, a major Russian science and technology university.

"Cooperation between Ethereum and VEB gives a unique opportunity to engage in research and development on the use of blockchain technology for public administration and accelerating the adoption of this technology to government organizations in the Russian Federation," Buterin stated.

In June, the Russian government launched a working group to implement Blockchain technologies in state administrations, assigning a coordinating role to VEB, including the creation of the competence center.

That same month, during the St. Petersburg Economic Forum, Ethereum caught the attention of Vladimir Putin, which saw in it a potential tool for the countryís economic diversification. The Russian president personally met Buterin at the forum.

Just weeks ago, the Federal Agency for Technical Regulation and Metrology (Rosstandart) appointed a new technical committee to work on the standardization of software and hardware related to distributed register and Blockchain technologies, in coordination with the International Standardisation Organisation.