{"id":2367,"date":"2017-12-22T04:30:21","date_gmt":"2017-12-22T04:30:21","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=2367"},"modified":"2017-12-22T12:20:21","modified_gmt":"2017-12-22T12:20:21","slug":"russia-becomes-first-country-implement-block-chain","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/russia-becomes-first-country-implement-block-chain\/","title":{"rendered":"Russia Becomes First Country to Implement Block Chain"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/sberbank.jpg\" alt=\"Sberbank\" width=\"300\" class=\"alignleft size-full wp-image-2393\" \/>Russia\u2019s state-run bank Sberbank announced that it is entering into a partnership with <a href=\"http:\/\/en.fas.gov.ru\/\">Federal Antimonopoly Service (FAS)<\/a> to implement document transfer and storage via block chain network. With this announcement, Russia has become the first-country to complete a government-level block chain implementation.<\/p>\n<p>Russian government\u2019s interest in block chain technology dates back to several years. Earlier in June, Russian President Vladimir Putin met Ethereum cofounder Vitalik Buterin. In August, <a href=\"http:\/\/www.veb.ru\/en\/about\/today\/\">VEB<\/a>, a state-run bank signed an agreement with the <a href=\"https:\/\/www.ethereum.org\/foundation\">Ethereum Foundation<\/a> to develop block chain education programs in the country.<\/p>\n<p>In the Sber bank announcement, Andrey Tsarikovskiy, the state secretary and deputy head of FAS, has stated<\/p>\n<blockquote><p>\u201cOur country is opening up new possibilities for the economy through the use of advanced knowledge and technology. Making the system launch a reality means we are not only one of the first actual users of block chain for government in the world, but also [are pioneering its use] as a practical tool for further growth.\u201d<\/p><\/blockquote>\n<p>Ironically, the <a href=\"http:\/\/tass.com\/economy\/977847\">Russian government has a tough stance<\/a> on the use of crypto currencies by its citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia\u2019s state-run bank Sberbank announced that it is entering into a partnership with Federal Antimonopoly Service (FAS) to implement document transfer and storage via block chain network. With this announcement, Russia has become the first-country to complete a government-level block chain implementation. Russian government\u2019s interest in block chain technology dates back to several years. Earlier [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69,68,1],"tags":[],"class_list":["post-2367","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-cryptocurrency","category-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Russia Becomes First Country to Implement Block Chain<\/title>\n<meta name=\"description\" content=\"Sberbank has partnered with Federal Antimonopoly Service (FAS) to implement document storage, making Russia first country to implement block chain network.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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