Vnesheconombank to open a blockchain research facility

The Vnesheconombank (VEB), the Russian-based state bank that focuses on foreign economic relations and governed by various state structures has presented a new research center dedicated to blockchain and other solutions.

The center’s HQ in the National University of Science and Technology in Moscow is a part of even bigger digital initiative undertaken by government of Russia by order of current Russian President, Vladimir Putin.

The head of VEB, Sergey Gorkov, stated that the research results will lead to investments in development. He told that this center will be opened in September, and its main research fields will be blockchain, quantum technologies and other high-tech disciplines. They plan to establish a group of investment funds that will attract both local and foreign investors.

VEB has previously demonstrated interest in blockchain solutions and stated that it plans to collaborate with the country’s Ministry of Health during this summer. Tomorrow, on 30 August 2017, this company will listen to the opinion of Vitalik Buterin, the creator of Ethereum, who will be present at the blockchain event in the Republic of Tatarstan (Russia’s prominent region) as a speaker.