Block chain truce? Putin Internet consultant called on US-Russian cooperation

nnRussia’s President Vladimir Putin’s Internet consultants involved in the creation of a domestic chain chain and encrypted currency association, and said the nature of the block chain technology requires global cooperation to maximize its network effect in order to achieve its great potential. So on the basis of the Union, to encourage technical staff to compete with each other, the chain chain network to improve. While competition between governments will only limit their potential to play. In addition, industry regulation also requires global cooperation, based on technology, to find the most appropriate regulatory approach.n
nTranslation: Annie_Xun
Russian President Vladimir Putin’s advisors convey a strong signal to the government: do not compete for block-chain dominance.n
Herman Klimenko said that if China, Russia and the United States and other countries want to block chain and encrypted currency regulation is unique, the global superpower should be united to create a chain of chain technology alliance.n
Klimenko does not agree to competition at the national level, but rather believes that state leaders should use power to work together to create the best competitive environment where global coders and companies can compete.n
At the end of 2015, he was appointed as a consultant to Putin to explain his point of view:n
n”We recommend a common platform for your country and my country, and we can invite other countries to join us to exchange government opinions on a common platform.”n
nAs for the state-supported chain-chain coalition members, Klimenko referred to the recently created “Russian Association and the Cryptocurrency” (RACIB, Russian Association of Blockchain and Cryptocurrency).n
Klimenko as Chairman of the Board of Directors of the Russian Institute of the Internet for the establishment of RACIB, the higher level is the media entrepreneur Arseniy Sheltsin, the association is currently divided into four.n
Including encrypted currency, ICO, block chain as a platform, international computing (how block-chain technology affects global relations). Participants have the opportunity to conduct public-private partnerships to build potential use cases in government and business.n
While each focus area has a manager responsible for overseeing project coordination, Klimenko says that this position is more of a mere formality. He said that the current registered 1,100 members do not “need the traditional sense of the real management.”n
n”We need members to provide them in different directions of the technology. We do not charge any membership fees, I do not need these, we do not need traditional management fees.”n
Union warn
RACIB architecture seems familiar, it is because there is nothing new things. But does not mean that the use of the structure at the government level does not bring about substantial changes.n
Although the first block chain, that is, Bitcoin mainly from individual efforts, and Bitcoin has reached the current adoption rate, but other block chain applications mainly rely on the majority of industry companies formed by the Union. From financial services companies to insurers to IT consulting firms, it seems that most industries have jointly launched chain-chain alliances to improve efficiency.n
But the difference between Klimenko’s proposal and the multilateral government is the scale, and the final meaning of this scale.n
The distributed nature of the block chain means that it relies mainly on the network effect brought about by the large number of participants. The more people or institutions that use the chain chain, the more the system’s inefficiency can be eliminated, and the more powerful.n
Klimenko sees the creation of an intergovernmental chain of chains as a last resort to eliminate the isolated state in order to make the potential interests of the chain chain vividly.n
n”Competition is not between governments, but between programmers.”n
nAs for how government cooperation to eliminate inefficiency, he mentioned the latest block chain area – digital medicine.n
Kilmenko said the study was more extensive, although local reports on the association focused on how to use the ICO financing model to invest in Internet-based medical services. By standardizing the way government regulators track medicine, new efficiencies can be found.n
n”If we collect medical data, scan different images of the world, such as Russia, the United States or other countries, the data is indeed the same, then it is common.”n
China’s worriesn
But it is too late for Klimenko’s vision of intergovernmental cooperation.n
In the past few months, the Russian central bank has said it will be more strict treatment of encrypted currency, the US Securities and Futures Commission (SEC) issued a report, may be ICO tokens as securities, China’s measures are particularly radical, to determine ICO tokens illegal, and forced to close Bitcoin Exchange.n
But Kilmenko tends to be a more subtle, technology-based approach than direct prohibition or isolation.n
n”The risk of encrypting money and ICO is obvious, and the way to reduce these risks is also evident.” RACIB director, Russian news site Runet CEO Sheltsin also agreed Klimenko to take the idea of ​​a global unified approach.n
nSheltsin said one of RACIB’s “main goals” is to help organize the “chain-chain technology collaboration in the Russian and overseas countries”.n
n”We believe that interregional chain-building cooperation will help us to share the best regulatory measures to deal with common problems.”n

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