Government officials in Moscow today revealed plans to investigate applications of blockchain technology.

According to a report by Gazeta.ru, Deputy Head of the Department of Information Technologies (DIT) of Moscow Andrey Belozerov said that the agency is now exploring how to apply blockchain to various use cases, including voting fraud.

One proposal, according to the news source, would find Moscow incorporating blockchain into Active Citizen, an in-progress e-government effort aimed at getting citizens more involved in local decision-making.

Sberbank, one of Russia’s largest banks, may participate in the effort.

The announcement is the latest to follow an apparent uptake in interest in the technology domestically, one that has mirrored developments globally.

Though elements of the government had previously pushed for a ban on cryptocurrencies, these positions have changed in recent weeks as major financial institutions have expressed interest in exploring its use.

Moscow train via Shutterstock

Read more about...

RussiaVotingNewsMoscow
Disclaimer Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.