Russian State-Owned Holding Giant Proposes to Apply DLT in All Gov’t Data Systems

Cointelegraph

Published May 24, 2019 11:14AM ET

Updated May 24, 2019 11:43AM ET

Russian State-Owned Holding Giant Proposes to Apply DLT in All Gov’t Data Systems

Russian state-owned holding conglomerate Rostec proposed a roadmap on applying blockchain in all the governmental data systems, local financial newspaper Kommersant reports on May 24.

An institution under Rostec has reportedly developed a blockchain roadmap worth up to 85 billion rubles ($1.3 billion) that claims to provide an economic impact of up to 1.6 trillion rubles ($25.4 billion) in five years.

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