Putin met with the founder of Ethereum to support the establishment of new business relationships by blockchain technology

The International Economic Forum (International Economic Forum) has just concluded in St. Petersburg, and it is reported that it will bring more than 3 billion euros in investment. And, the last and most important thing is not to measure these numbers, but to consider the mood and attitude of those who participated in or followed events and meetings in this "Northern Capital" of Russia.

Putin met with the founder of Ethereum to support the establishment of new business relationships by blockchain technology

Russian President Putin and Ethereum founder Vitalik Buterin recently met! The cryptocurrency community must be stunned!

Putin becomes a blockchain fan

According to the press secretary of the Kremlin Dmitry Paskov, Putin and Buterin discussed the application of this technology in Russia during this meeting. According to reports, President Putin supports the idea of ​​paving the way for blockchain technology to establish new business relationships.

At the beginning of the forum, First Deputy Prime Minister Igor Shuvarov said that Putin is really passionate about building a digital economy in Russia, and said that now, at least three directions in blockchain applications are being explored. And experiments, including cargo tracking, identity creation, and copyright protection systems.

Buterin is one of the speakers in the discussion of the Blockchain Economy Group. In fact, this group is one of the most popular. The panelists discussed the technology's potential in triggering the creation of a new type of economy, as well as issues related to the regulatory process. Russian regulators have been trying to find a way to put blockchain applications into the existing regulatory framework. Pseudo-anonymity is their biggest concern.

Buterin said: "I don't think we have solved this dilemma. Regulators are always trying to get along with new ways to control and analyze transactions, and people are always trying to think about how to hide these transactions. This is a mathematical war, but systematic Attributes will never allow any party to win."

Not just a toy for hackers

According to Buterin, when he first had the idea of ​​Ethereum, he had only a few applications in his mind. However, as the technology matured and the network developed, he received suggestions from many community members and was surprised to discover the many applications of the Ethereum blockchain.

He said: "The innovation and creativity brought by the community are more important than what I once put forward." In answering a question from a joint panel member, Buterin mentioned that we are now entering blockchain technology and cross-industry with confidence. At this stage. People are beginning to realize that it is not just a toy for a group of hackers, but also an efficient tool that is likely to be deployed by banks, financial institutions, enterprises, regulatory agencies, and so on.

He shared his own experience in the blockchain field and what motivated him most, "I stepped into the blockchain field six years ago. At that time, I made 20 BTC and used 8.5 to buy one. Shirt. The 8.5 BTC that I spent at the time is now worth $20,000, and that shirt is now gone. But what I realized in joining this global experiment is that if thousands of people from all over the world work together Committed to this, then this digital economy system must be able to operate. And the idea that thousands of people can connect to the Internet to create an independent financial system has been deeply rooted in my mind. Decentralization, cryptography, and openness Sexuality and transparency deeply shocked me. However, the application of blockchain is not limited to cryptocurrency. It has a huge potential, applicable to all walks of life, and can bring significant benefits to enterprises and organizations of all sizes. benefit."

Russia aspires to become a global IT leader

Blockchain technology is often compared to another technological invention-the Internet, and people expect the former to have a greater impact. As in the case of the World Wide Web, countries that decide to be ahead of others and boldly deploy technological solutions will have a clear competitive advantage.

Russia has the opportunity to become one of the leaders in the global IT industry. Although the details of the meeting between Putin and Buterin were kept in confidential work, one detail was revealed-President Putin is prepared to give full support to the development of blockchain technology, which will definitely bring greater benefits to this country. Regarding the amount of investment transactions, despite all kinds of restrictions and sanctions.

Sergey Gorkov, chairman of VEB (Vnesh econom bank), actively supports and promotes this idea, and he recommends authorizing banks to guide and prepare investor relations for ICOs.

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