At the moment, there are no examples of major industrial uses blockchain technology (if not to take into account bitcoin). This opinion was expressed by first Deputy Chairman of Bank of Russia Olga Skorobogatova at the discussion of the blockchain at the St. Petersburg international economic forum (SPIEF-2018). She added that technology must be finalized and the business do not yet really understand the possible effect of the blockchain.

As noted Skorobogatova, promising is a hybrid solution: the combination of the blockchain and more familiar technologies. For example, this can be a online payment system with smart contracts. According to the Deputy Chairman of the Central Bank, the development of such solutions is already underway, and after two or three years to begin active use of technology in the banking sector.

“AS THE NATIONAL CRYPTOCURRENCY – RATHER, IT MAKES SENSE TO TALK ABOUT THE CONSORTIUM OF SEVERAL COUNTRIES WITH ONE CURRENCY. WE ARE ACTIVELY DISCUSSING IT WITHIN THE FRAMEWORK OF THE EEU”, SAID SKOROBOGATOV.

The Chairman of the Duma Committee on economic policy, industry, innovative development and entrepreneurship Sergei Zhigarev examples of the application of the blockchain called drones, public administration and cryptocurrencies. He noted that industry needs international regulation.

The main example of the use of blockchain – ICO, reminded the member of the Supervisory Board Ethereum Foundation Vladislav Martynov. According to Martynov, the main problem is the absence of legislation and the complexity of the integration of the blockchain in the business model companies.

“I do not agree that the main problem of the failures of the ICO Scam or fraudulent activity. This set is the usual reason for the failure of the venture entrepreneurs. The proportion of failures in ICO is correlated with the classical venture capital — 80% of projects do not reach the goal. Finally, for the investor there is not much difference, what was the reason for the failure — either way he loses,” says Martynov.