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Wednesday, November 22, 2017

Shuvalov told the St. Petersburg international economic forum about digital “disease” of Putin

First Deputy Prime Minister Igor Shuvalov said that the Russian leader Vladimir Putin is showing increased interest in the sphere of high technologies and the digital economy. This he declared at a panel discussion of the St. Petersburg economic forum, dedicated to the development of blockchain technology.

photo: kremlin.ru

Shuvalov said that once Putin has assembled a “small group” of Cabinet members and administration officials. According to the Vice Prime Minister, during the meeting with the President they discussed the “only” new technology and digital economy.

The interest of the Russian leader to this question was so great that he let all the participants “only in the beginning of the second morning.” “Can unvarnished you to say that the President is fully contracted it, knowing that significant growth rates are based on digital economy and technological leadership,” Shuvalov was quoted by RBC.

Deputy Prime Minister added that the issue of technological development is progressing in the framework of the Eurasian economic community. He stressed that the leaders of other countries approached this cautiously, but later realized that this field is the future. “You just need to be bolder”, he concluded.

The blockchain technology allows to create the distributed storage of data identifying each user and security access. In the banking business, the blockchain is used for payments and processing of large data sets.


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