Rostec and Vostok will use the blockchain in public administration


During the Eastern economic forum (WEF) Corporation rostec and a blockchain company Vostok signed a cooperation agreement.

In the course of the partnership, rostec and Vostok plans to open a project office with embedded blockchain technology, reports TASS.

Also “rostekh” and Vostok will be engaged in the storage, data exchange between the municipal and state institutions, as well as analysis of solutions of new technologies appearing in the state projects.

“We search for potential projects and define technology leaders, cooperation which opens new opportunities for the development of digital systems”, — said the head of state Corporation “rostec” Sergey Chemezov.

The cooperation will invest about $2 million.

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