"During the panel presentation we had a heated discussion with Olga Skorobogatova, First Deputy Chairman of the Russian Central Bank, who claimed existing blockchain technologies are not fast and mature enough to be used for interbank payments or issuing supra-national cryptocurrencies. I insisted that any attempts to develop pilots using the first-generation blockchains are guaranteed failure, and one has to use the latest technology, particularly Universa Blockchain. As a result, we agreed to have a meeting with the Central Bank and take a look together at how our technology can be applied to the Central Bank needs.

At the same time, I tried to make it clear to my colleagues that we are not trying to digitize old paper-based processes using the blockchain technology, but rather our goal is to make a quantum leap into a new process, built from the ground up, which uses all the advantages of digital transformation and distributed systems. Not evolving paper-based processes into digital ones, but reinventing the workflow in the digital paradigm."


Sounds great Would be wonderful if Universa Blockchain would be implemented in Russian Central Bank in future