Scientists have found out how the blockchain will affect the Russian economy

Scientists have found out how the blockchain will affect the Russian economy

How the blockchain will radically transform the economy | Bettina Warburg

Russian scientists from Tatarstan have identified basic criteria for determining the demand for blockchain technologies among domestic enterprises. A single measurement scale will become the basis for diagnosing risks and the impact of blockchain on the development of the economy.

The mathematical model is based on the statistics of demand for blockchain development in Russia for 2015-2018. In 2017, the use of technology increased 10 times, and enterprises from the real sector of the economy, such as Gazprom and Lukoil, began to appear among consumers. In 2015-2016. the bulk of consumers were financial institutions, including Vneshekombank, Sberbank and Alfa-Bank. 

Scientists have found out how the blockchain will affect the Russian economy

Scientists analyzed the indicators:

  • The number of large companies that have implemented blockchain;
  • Number of publications by Russian researchers on the topic; 
  • The number of regulatory legal acts in the field of digitalization of the Russian economy;
  • Dynamics of Google search results on request «blockchain technology».

The researchers note that the activity of companies depends on the rate of the cryptocurrency and emphasize that the legislation is still lagging behind development trends by at least six months..

The work does not consider one of the most important indicators — demand for blockchain programmers. According to KPMG research, most banks are now looking for specialists in Big Data analysis, blockchain and DLT technologies. In addition, new study programs at universities in the direction of «Blockchain technologies and cryptocurrencies», the number of which is growing.

The cryptocurrency sphere needs not only programmers, but also lawyers, so the PRUE named after G.V. Plekhanova announces recruitment for the 11th stream of the advanced training program «Blockchain for lawyers».

text: Ilya Bauer

Scientists have found out how the blockchain will affect the Russian economy