Russia’s Rosatom IT Department Looks to Blockchain for Better Manufacturing Efficiency

Russian State Nuclear Corporation Looks to Blockchain for ‘Increased Efficiency’

The Russian state nuclear energy corporation (Rosatom) is set to look to blockchain to improve the department’s efficiency, according to Rosatom IT department head Evgeniy Abakumov.

Abakumov was reported as saying Rosatom will target three areas of new technologies, namely blockchain, artificial intelligence and the Internet of Things (IoT).

He said they are committed to integrating 4.0 technologies on a wider scale. IoT, AI, blockchain and others are to increase the efficiency of manufacturing process. To achieve this, he said the department is looking to attract new talents in the target areas.

Russian official institutions continue to show interest in crypto-related technologies. For instance, the Russian state pension fund – the country's largest social service – revealed its plans to implement blockchain and smart contracts in labor relations this summer. Also, the Russian Union of Industrialists and Entrepreneurs, which included high-ranked Russian managers from Forbes billionaires list, reportedly took part in creating an alternative bill on crypto regulation in the country.