Blockchain
in Russia

Blockchain technology can transform established business processes, but it is still an experiment for many actors. Economic viability is the key issue in blockchain implementation. However companies are already sharing the first results, and experts expect the launch of more and more new projects using this technology.

This open knowledge base with the Russian practices of blockchain implementation, a showcase of ready-made solutions from Moscow developers, market analytics and exclusive ICT.Moscow materials on the topic is being created on our website.

How Russian companies implement blockchain(52)

Practices of blockchain implementation by companies from different areas. The information for the knowledge base was collected jointly with the IT Department of Moscow Government

DIT of Moscow

FinTech Association, ‘Crypto-Pro’ LLC, the Bank of RussiaTransferring digital assets between participants

Updated 03.19.21

RaiffeisenbankIssuing electronic mortgage bonds

Updated 03.19.21

FinTech AssociationConducting mortgage transactions with electronic mortgage bonds

Updated 03.19.21

Waves EnterpriseAutomated electricity metering solution

Updated 03.19.21

The IT Department of Moscow GovernmentBlockchain-based factoring

Updated 03.19.21

The IT Department of Moscow GovernmentRemote blockchain-based electronic voting on the amendments to the Constitution of the Russian Federation

Updated 03.19.21

The IT Department of Moscow GovernmentTroitsk residents voting on the location for the metro station

Updated 03.19.21

The IT Department of Moscow GovernmentRecording the votes in the Active Citizen system into the blockchain network

Updated 03.19.21

Showcase of Moscow solutions(37)

Catalog of products that use blockchain from Moscow developers

MALT

Multi-core processors

CargoTech

Digital platform for logistics

Exonum CIS

Software for decentralized data storage based on blockchain technology

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IZZZIO BigNet

Blockchain platform

Nodes Plus

A software platform for industrial solutions based on distributed ledger technology

Vega.CRM

Service for appraisal companies

BitRussia

Financial ecosystem

Market analytics

Analysts estimates, forecasts and research on blockchain

The world leaders in terms of the number of blockchain patents are the companies from China, the USA, Canada, South Korea and the UK.

Russian companies continue to test the capabilities of the technology by launching pilot projects. Blockchain has been applied for different purposes by Russian companies and proved itself as a sustainable technology that solves a wide range of problems. At the end of 2019, there were more than 150 blockchain companies in Russia.

The industry is becoming more consolidated as the most efficient models come forward. In 2020, the focus is expected to shift towards the enterprise blockchain.

48%

of the total number of blockchain patents in the world were applied for by the Chinese businessChina dominates global blockchain patents, 2019