Russia will set up a chain chain business center in September


nnnRussia’s state-run development bank (VEB) announced that in cooperation with the APF and Bitfury, will be set up in September a block chain business center, focus on exploring the technology. At the same time, the cooperation of these institutions also includes a number of other projects, such as the development of new block chain. In general, VEB is very active in the study of block chain technology, and is also prepared to fund other relevant major projects.n
nnTranslated by: Inan
nAccording to Coin Fox, the Russian state-run development bank (VEB), the APF and Bitfury will work together to set up the first Russian affairs center to focus on the chain and distributed book technology (DLT).n
nAccording to the Russian news agency TASS (TASS) reported that the Russian state-owned development bank governor Sergey Gorkov said the bank has been working with these partners. The center will be set up at the Moscow Institute of Steel and Alloys to focus on innovative technologies and train experts to develop applications for these technologies within government organizations.n
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nSergey Gorkovn
nHe said:n
nn”We plan to work with these organizations to build the center and are expected to be open in September.We have worked with them for a long time to develop an internal pilot project for VEB and we are planning to move the focus from the sandbox to the business center.” (Quoted from CoinFox)n
nnGorkov also said that VEB also intends to develop a national block chain based on the Ether Square and Bitfury’s Exonum platform. The bank will also participate in encryption system certification, technical seminars and certification of experts and trainers. In the future, it intends to introduce the prototype of the center for the industry.n
nHe said:n
nn”We are pleased to have a number of major projects on the prototype, and we will be ready to evaluate and fund these projects.”n

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