{"id":8117,"date":"2018-09-13T18:59:47","date_gmt":"2018-09-13T18:59:47","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=8117"},"modified":"2018-09-13T18:59:47","modified_gmt":"2018-09-13T18:59:47","slug":"russian-giant-rostec-to-use-waves-platform-for-data-administration","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/","title":{"rendered":"Russian Giant Rostec To Use Waves Platform For Data Administration"},"content":{"rendered":"

\"\"Waves (WAVES), a blockchain platform that facilitates users to create and issue their own cryptocurrencies, surged more than 10% in the past 24 hours, mainly driven by a report stating that Russian manufacturing giant Rostec is planning to use the blockchain platform to administer its data. The state-owned conglomerate, founded in 2007, had annual revenue of about $19 billion.<\/p>\n

The notable subsidiaries of Rostec include AvtoVAZ, an automobile manufacturer that produces more than 400,000 vehicles per year, and Kamaz, a truck and engine producer. Rostec also owns a stake in Kalashnikov, the Russian firearms manufacturer.<\/p>\n

$2 Million Starting Investment<\/h2>\n

The agreement signed between Rostec and VOSTOK, which refers to a launched version of the Waves platform, reveals that both parties will set aside $2 million to commence development of the manufacturing giant\u2019s data administration system.<\/p>\n

By next month, a preliminary roadmap for Rostec\u2019s blockchain technology<\/a> based database is anticipated to be published. The Waves platform will reportedly be used to standardize Rostec\u2019s data collection and analysis process.<\/p>\n

Both civilian and military products manufactured by Rostec\u2019s subsidiaries will also be put on the blockchain platform, in addition to other operational data.<\/p>\n

The existing database system of Rostec does not have the capability to standardize data drawn from multiple sources. As a result, the company has to spend considerable time and money to access and manage data related to the Russian company\u2019s operations.<\/p>\n

The implementation of blockchain technology enables the company to secure sensitive military data in a much more effective manner. With this partnership, Rostec also aims to manage data that monitors urban city resources.<\/p>\n

Rostec\u2019s spokesperson also conveyed that the country\u2019s prevailing<\/a> automated system for power conservation and traffic flow administration will be shifted to a blockchain-based administration system.<\/p>\n

Waves and VOSTOK CEO Sasha Ivanov explained the possible benefits from the partnership as follows:<\/p>\n

\u201cWorking together with Rostec, which is the main provider and driver for projects in digital economy, will not only get us access to the wide range of corporate and government clients but will [also] give us a strong impulse for the further development.\u201d<\/p><\/blockquote>\n

The partnership announcement has been made soon after Waves announced that its smart contract deployment process on its mainnet has begun. At the time of writing this article WAVES token was trading at $2.43.<\/p>\n","protected":false},"excerpt":{"rendered":"

Waves (WAVES), a blockchain platform that facilitates users to create and issue their own cryptocurrencies, surged more than 10% in the past 24 hours, mainly driven by a report stating that Russian manufacturing giant Rostec is planning to use the blockchain platform to administer its data. The state-owned conglomerate, founded in 2007, had annual revenue […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-8117","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"\nRussian Giant Rostec To Use Waves Platform For Data Administration<\/title>\n<meta name=\"description\" content=\"Waves surged more than 10% in the past 24 hours following a report stating that Rostec is planning to use the blockchain platform to administer its data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russian Giant Rostec To Use Waves Platform For Data Administration\" \/>\n<meta property=\"og:description\" content=\"Waves surged more than 10% in the past 24 hours following a report stating that Rostec is planning to use the blockchain platform to administer its data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-13T18:59:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/waves.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/russian-giant-rostec-to-use-waves-platform-for-data-administration\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/russian-giant-rostec-to-use-waves-platform-for-data-administration\\\/\"},\"author\":{\"name\":\"Cameron Bishop\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"headline\":\"Russian Giant Rostec To Use Waves Platform For Data Administration\",\"datePublished\":\"2018-09-13T18:59:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/russian-giant-rostec-to-use-waves-platform-for-data-administration\\\/\"},\"wordCount\":390,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/russian-giant-rostec-to-use-waves-platform-for-data-administration\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/waves.jpg\",\"articleSection\":[\"Cryptocurrency\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/russian-giant-rostec-to-use-waves-platform-for-data-administration\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/russian-giant-rostec-to-use-waves-platform-for-data-administration\\\/\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/russian-giant-rostec-to-use-waves-platform-for-data-administration\\\/\",\"name\":\"Russian Giant Rostec To Use Waves Platform For Data Administration\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/russian-giant-rostec-to-use-waves-platform-for-data-administration\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/russian-giant-rostec-to-use-waves-platform-for-data-administration\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/waves.jpg\",\"datePublished\":\"2018-09-13T18:59:47+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"description\":\"Waves surged more than 10% in the past 24 hours following a report stating that Rostec is planning to use the blockchain platform to administer its data.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/russian-giant-rostec-to-use-waves-platform-for-data-administration\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/russian-giant-rostec-to-use-waves-platform-for-data-administration\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/waves.jpg\",\"contentUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/waves.jpg\",\"width\":380,\"height\":250},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\",\"name\":\"Cameron Bishop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g\",\"caption\":\"Cameron Bishop\"},\"description\":\"Cameron works tirelessly behind the scenes ensuring his many US news stories are factual, informative and brought to you in a timely fashion before most other media outlets have them. He is an investigative journalist at heart who also has a fond interest in the money and business markets too.\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/author\\\/cameron-bishop\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Russian Giant Rostec To Use Waves Platform For Data Administration","description":"Waves surged more than 10% in the past 24 hours following a report stating that Rostec is planning to use the blockchain platform to administer its data.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/","og_locale":"en_US","og_type":"article","og_title":"Russian Giant Rostec To Use Waves Platform For Data Administration","og_description":"Waves surged more than 10% in the past 24 hours following a report stating that Rostec is planning to use the blockchain platform to administer its data.","og_url":"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/","article_published_time":"2018-09-13T18:59:47+00:00","og_image":[{"url":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/waves.jpg","type":"","width":"","height":""}],"author":"Cameron Bishop","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Cameron Bishop","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/#article","isPartOf":{"@id":"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/"},"author":{"name":"Cameron Bishop","@id":"https:\/\/www.legitgambling.com\/news\/#\/schema\/person\/0e2e077765174748afc2362c890e3f91"},"headline":"Russian Giant Rostec To Use Waves Platform For Data Administration","datePublished":"2018-09-13T18:59:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/"},"wordCount":390,"commentCount":0,"image":{"@id":"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/#primaryimage"},"thumbnailUrl":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/waves.jpg","articleSection":["Cryptocurrency"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/","url":"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/","name":"Russian Giant Rostec To Use Waves Platform For Data Administration","isPartOf":{"@id":"https:\/\/www.legitgambling.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/#primaryimage"},"image":{"@id":"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/#primaryimage"},"thumbnailUrl":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/waves.jpg","datePublished":"2018-09-13T18:59:47+00:00","author":{"@id":"https:\/\/www.legitgambling.com\/news\/#\/schema\/person\/0e2e077765174748afc2362c890e3f91"},"description":"Waves surged more than 10% in the past 24 hours following a report stating that Rostec is planning to use the blockchain platform to administer its data.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legitgambling.com\/news\/russian-giant-rostec-to-use-waves-platform-for-data-administration\/#primaryimage","url":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/waves.jpg","contentUrl":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/waves.jpg","width":380,"height":250},{"@type":"WebSite","@id":"https:\/\/www.legitgambling.com\/news\/#website","url":"https:\/\/www.legitgambling.com\/news\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legitgambling.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.legitgambling.com\/news\/#\/schema\/person\/0e2e077765174748afc2362c890e3f91","name":"Cameron Bishop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g","caption":"Cameron Bishop"},"description":"Cameron works tirelessly behind the scenes ensuring his many US news stories are factual, informative and brought to you in a timely fashion before most other media outlets have them. He is an investigative journalist at heart who also has a fond interest in the money and business markets too.","url":"https:\/\/www.legitgambling.com\/news\/author\/cameron-bishop\/"}]}},"_links":{"self":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/posts\/8117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/comments?post=8117"}],"version-history":[{"count":0,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/posts\/8117\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/media?parent=8117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/categories?post=8117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/tags?post=8117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}