Russian President Putin delivered his traditional annual speech at the Federal Assembly of his country. Vladimir Putin devoted a part of this speech to the importance of Blockchain technology.
This is not the first speech of Russian President Putin on Blockchain. Expressing that Russia should not lag behind in this race before, the President emphasized that those who remain behind will remain dependent on the other leaders. On the other hand, Putin’s latest speech contains clearer explanations about Blockchain technology.
Russian President Putin: We must create our own digital platforms
Putin, the country’s While talking about their developments, he stated that they should build their own Blockchain technologies. Putin said:
We need to set up our own digital platforms. It goes without saying that it should be compatible with the global information space. This includes financial transactions, property rights, etc. This will lead to a restructuring of manufacturing processes, financial services and logistics, including the use of Blockchain technology, which is crucial for These initiatives have real-world applications.
The same message was also published on the official Twitter account of the Russian President. Putin’s sentiments on this issue are similar to those of Indian Prime Minister Narendra Modi, who recently urged India to rapidly adopt disruptive technologies such as Blockchain and the Internet of Things (IoT). Recently, after meeting with Vitalik Buterin, co-founder of Ethereum, Putin also proposed launching a multinational crypto exchange that could be supported by the BRICS countries and the Eurasian Economic Union.