Author

Topic: [2018-08-16] Russia Begins Work on Developing Blockchain Standards (Read 2986 times)

full member
Activity: 152
Merit: 100
@SvenBomvolen
Sure thing you've hit the point in Russia's affairs. Any private project, any ICO with russian speaking devs have nothing to do with state policies to crypro. Having the federal agency responsible to make expert assesment in the technology, lawmakers have all basis to legislate regulation. No excuse more there, next stop is adoption law. It will take some time, no doubt as well we don't know details but the process takes place.
hero member
Activity: 588
Merit: 500
Well done! It's clear sign that Russia has taken steps to shape its state policies to blockchain technologies and cryptocurrencies. I thought it had been entity based on university facility but the federal agency is even better decision by many reasons.
Yes, that is going to be a break. Russija doesn't wants to stay on side meanwhile other developed countries have created their first laws about bitcoin regulation and acceptance. As I heard Blockchain's technology is accepted in Russia already. There is garbage reci long firm which use the technology of Blockchain from this year already. I was reading this new here on the forum. Correct me if I'm wrong.
full member
Activity: 152
Merit: 100
Well done! It's clear sign that Russia has taken steps to shape its state policies to blockchain technologies and cryptocurrencies. I thought it had been entity based on university facility but the federal agency is even better decision by many reasons.
sr. member
Activity: 700
Merit: 250
Russia’s national standards authority is working toward the standardization of blockchain and distributed ledger technologies.

Russia’s Federal Agency for Technical Regulation and Metrology, also known as Rosstandart, has announced the formation of a new technical committee tasked toward the standardization of “the software and hardware of distributed register and blockchain technologies”.

In its announcement, the Rosstandart adds that blockchain technology is “actively spreading” in its adoption across the Russian Federation.

“Blockchain is a digital platform that records and verifies transactions in a public and secure manner based on decentralized solutions,” reads a loosely translated excerpt from the statement. “Initially appearing as technologies that facilitate the mechanisms of cryptocurrencies, blockchain technologies are finding more and more fields of application around the world. In recent years, these technologies are quite actively spreading in the Russian Federation.”

On a global scale, the International Organization for Standardization (ISO) – commonly seen as the primary global standards authority – appointed Australia to lead an international technical committee with 35 ISO member nations to develop a uniform approach to introduce global standards for the technology. Earlier this year in March, Standards Australia unveiled its roadmap to develop these international standards, overseen by technical committee 307 or ISO/TC 307.

Russia’s standards authority references these developments at the ISO whilst adding that it “abstained” from joining ISO/TC 307 at the time of its formation. However, the Russian Federation is now among 20 participating members of the committee. The newly established Russian technical committee will also presuppose international cooperation with the ISO committee.

Explaining its reasons for working toward its own standards, Russia’s standards states:

   
Quote
[The standards] are designed to raise the development of these technologies to a new level by developing international cooperation, closer interaction, speeding up their acceptance by the public, expanding the methods of their application, and ultimately increasing confidence in such operations.

The move by the national standards authority to explore the standardization of blockchain technologies comes at a time when the Russian government is actively considering the introduction of regulations for the decentralized technology in 2019. Herman Gref, chief executive of Sberbank – Russia’s largest bank by assets – has predicted blockchain technology to see commercial applications on a nationwide scale in two years.

https://www.cryptocoinsnews.com/russia-begins-work-developing-blockchain-standards/
Jump to: