The Central Bank called the blockchain technology is not Mature enough

Yesterday, Deputy Prime Minister Maxim Akimov saidthat the widespread dissemination of technology to the blockchain too. In his opinion, for the health of the distributed registry requires more computing power, which are sometimes used wrongly. Now with criticism of the blockchain made by the Central Bank is the representative of the regulator said that the technology needs to be improved. About it writes “RIA Novosti”.

What will happen to the blockchain in Russia — the opinion of the Central Bank

The Chairman of the Central Bank Olga Skorobogatova at the St. Petersburg international economic forum stated that the blockchain technology is not yet Mature. For this reason it is not used on an industrial scale anywhere, except cryptocurrency.

The world still has no industrial great solutions on distributed registries, in addition to Bitcoin and part of cryptocurrency. Mostly this is not due to the fact that the technology is not Mature enough and she’s Mature enough — still needs a lot of improvements both from the point of view of safety and from the point of view of scalability.

A distributed registry is divided into two types, said Skorobogatov. The first one is used for online payments — for example, it can be attributed to the Ripple platform and Corda. The second is designed to work with ofline and contracts are working in this direction Ethereum, and Hyperledger. The majority of businessmen still do not understand how technology works, said the Chairman of the Central Bank.

Technology for the sake of technology — it is senseless. That is, if, for example, for electronic mortgages, electronic letters of credit us the business case is clear, the translation of Rasulov, as I said, with online processing, for example, the same Ripple and Corda, we are not yet clear. Therefore, in this context, I think 2018 at all, not only in Russia, all the countries will be held under the theme of practical understanding, where we can, in any projects, and then on an industrial scale, this technology to use.

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0 Comments on “The Central Bank called the blockchain technology is not Mature enough”

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