Reading time: ~1 m
The Government of the Russian Federation will consider the possibility of using the MasterChain blockchain platform in the field of public administration. This was stated by the head of the Ministry of Digital Development Maksut Shadayev, writes TASS.
According to the minister, the initiative is being discussed jointly with an association run by the central bank.
“In order not to create anew, we just take it and try to understand its possibilities of application [в госуправлении]”, – he said.
The Masterchain blockchain platform is designed to transfer digital values and information about them between participants. The project is being developed by Distributed Registry Systems LLC.
Recall that in October 2019, MasterChain received a certificate from the Federal Security Service of the Russian Federation on the use of Russian cryptography standards and compliance with information security requirements.
In September 2021, the Russian government approved its use for data exchange as part of the digital mortgage experiment.
In November 2021, Masterchain, together with VTB Factoring and the unified factoring platform GetFinance, announced plans to issue digital financial assets and form digital liability portfolios with their help.
In January 2022, Ak Bars Bank issued a digital bank guarantee based on MasterChain in favor of Rostelecom.
#Ministry #Digital #Development #Russian #Federation #study #MasterChain #blockchain #platform