Russian Nuclear Agency to Develop Blockchain as Part of Technology Adoption Framework

  • Russian state nuclear energy corporation is in the process of developing “advanced” digital technologies including a blockchain framework
  • Strategic focus on blockchain is in line with recent Russian policy

Rosatom, Russia’s state-owned nuclear energy corporation has announced that it is fully engaged in developing “4.0 technologies” including blockchain technology, according to a press release signed by Rosatom IT Department head Evgeniy Abakumov, on October 1.

According to Abakumov, Rosatom will focus on three main areas of development within its drive to adopt new technologies, namely blockchain technology, artificial intelligence (AI) and Internet of Things (IoT). To this end, he revealed, the corporation is currently in the process of recruiting fresh talent in the three designated fields.

Quoted in the statement he said:

We are committed to integrating 4.0 technologies on a wider scale. IoT, AI, blockchain and others are to increase the efficiency of manufacturing process.

Evgeniy Abakumov

Russia has recently adopted a positive position on blockchain technology, with several state institutions like the nationwide Russian state pension fund announcing their intentions to implement blockchain technology at several points during the course of 2018.

A month ago, the Russian Union of Industrialists and Entrepreneurs collaborated with the country’s Duma to create a new bill for regulating cryptocurrencies which could serve as a legal basis for the operation and oversight of the country’s blockchain sector. Despite the optimism this move generated, many were left disappointed when the draft bill seemed to back off from explicitly providing legal backing for cryptocurrencies.

Military and Economic Application of Blockchain Technology in Russia

Last month, CryptoGlobe reported that a Russian military research lab was created in June with the mission of exploring how blockchain technology can be leveraged to detect and prevent future attacks. The Russian Defense Ministry was also reportedly set to begin implementing blockchain technology in line with the integration of Russian cryptographic algorithms into international standards.

In August, CryptoGlobe also reported that Russian lawmaker Vladimir Gutenev suggested the adoption of a gold-backed cryptocurrency for international arms sale transactions by the Russian government so as to circumvent US sanctions aimed at preventing the sales of Russian weapons and goods in general.

Unknown Fund Investing $75 Million in Bitcoin for the Development of Anonymity

  • Unknown Fund has pledged to donate and invest $75 million in bitcoin to promote the development of anonymity.
  • The fund will prioritize projects that protect personal data, including crypto and blockchain. 

An anonymous organization by the name of the Unknown Fund has pledged to donate and invest $75 million in bitcoin for the further development of privacy-focused projects. 

According to the press release published Nov. 13, Unknown Fund has announced an intention to invest and donate $75 million in BTC to “startups which directly or indirectly support the idea of anonymity.” The release claims the fund will give preference to projects focused on the protection of personal data, tools for anonymity, cryptocurrency and blockchain. 

An anonymous spokesperson for the fund said, 

We are you, we are your sons and daughters, brothers and sisters, friends and colleagues. Our ranks consist of representatives of many countries and nationalities, united by a virtual comradely spirit and the belief that we are fighting for the good of many, and not for the benefit of some. Anonymous is the voice of those who believe in truth, freedom and the right to self-expression.

The release claims the fund is comprised of “ordinary, anonymous people” from different countries who first met through collaborating on the forum 4chan. The group calls the protection of personal data “one of the main challenges for modern man” and claims that data collection has already been used as a powerful tool for manipulation. 

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