Russia’s state-backed conglomerate Rostec said on Thursday it has joined forces with the Vostok project, a product of blockchain firm Waves, to implement the distributed ledger technology (DLT) within the framework of Russia’s project ‘Data Economy’, which aims to digitize the economy by 2024. Rostec and Vostok will develop blockchain solutions for infrastructure projects, especially in the context of smart cities, and will create a technological basis to support “digital enterprises”.
Under to the agreement, the two companies will develop a project office for the implementation of the technology under the Data Economy program. Initially, Rostec and Vostok intend to use Vostok’s blockchain platfo...
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