Forget bitcoin, get ready for blockchain revolution

The buzz round cryptocurrencies which had been making headlines not way back has lastly abated. The time has come for the blockchain expertise itself, says Russian tech entrepreneur Aleksandr Ivanov.

The founder and CEO of Waves Platform and Vostok mission informed RT on the sidelines of the World Economic Forum in Davos that blockchain is a primary basic expertise which may very well be used virtually in all spheres.

It is at the moment utilized within the sphere of public administration and the enterprise sector, with corporations like Russia’s largest lender Sberbank attempting to undertake it.

“Cryptocurrencies are just a small part of blockchain technology,” he mentioned,’ noting that they had been attention-grabbing a 12 months in the past. “Now the next stage of development has already begun,” he added.

Talking about the way forward for cryptocurrencies in Russia, the entrepreneur mentioned that finally, possibly inside 3-5 years, there shall be some regulated tokens within the nation.

Read More Here