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Alexey Kudrin: blockchain can replace the state bureaucracy

The head of the Centre for Strategic Research and the Committee for Civil Initiatives, said that in the future blockchain technology will replace a number of state functions.

During his speech at the All-Russian Civic Forum, which was held on November 19, in Moscow, the head of the Center for Strategic Research and the Committee for Civil Initiatives Alexey Kudrin said that in the future blockchain technology will replace a number of state functions.

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"I think that new technology will replace many of the functions, including public institutions. For example, blokchain technology that captures any decisions automatically, any agreements, contracts, i.e. the whole of society through new technologies can replace the state bureaucracy and by itself, in fact, can solve the important issues that need fixation of contracts and agreements," Mr. Kudrin said.

We note that in January of this year, Alexey Kudrin took part in the business breakfast at the World Economic Forum in Davos, during which he shared his opinion about the prospects of blockchain technology.

Source: forklog.com

  • November 22, 2016 3:48 PM MSK
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