Russia’s Nizhny Novgorod Trials New Blockchain App ‘City N’ to Handle Admin Tasks, Pay Taxes via Vostok


It has come to our attention that Russia has been assessing the use of blockchain technology for its state administration system reports news outlet, ForkLog. The news revealed on Tuesday, May 28, noted that the Russian region in the west making this move is Nizhny Novgorod.

What is the state administration system and why introduce blockchain technology? It turns out that the technology will be used by residents – who will be given control in terms of distributing their respective taxes amidst the different expenditures via the City N Application. In doing so, not only will information regarding each individual resident will be stored, but also their contribution to the city’s budget.

The Governor of the Nizhny Novgorod Region, Gleb Nikitin, has since expressed gratitude and excitement in technological advances. He believes that this move will bring people together through more engagement while ensuring that residents are equally part of the decision-making processes as they are in the budget aspects. More specifically, he shared (the following was translated):

“This is an opportunity to build equal relations, when a citizen sees his contribution to the overall development […] he has the opportunity to ask more strictly from the state. We hope that our experience will be positively perceived in other regions as well.”

News outlet, Coin Telegraph has also reported on this matter and has captured the extent to which it seems Russia is willing to go in terms of blockchain technology.

In particular, it was shared that the Russian state-owned holding conglomerate, Rostec, has come up with a five-year proposal, exploring ways to include and test blockchain technology, along with its revenue generating potentials as being in trillions of rubles.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide