Introduction of blockchain technology in Russia and the United Arab Emirates: what is the difference of approaches
Immediately, two countries announced the introduction of blockchain technology in various fields. The United Arab Emirates considers the benefits of blockchain in the context of the state’s economy and if it makes sense for the state to invest in digital assets.
Russia will use blockchain for the Unified State Exam – a unified state exam. Officials believe that the technology will optimize the process of certification.
The introduction of blockchain technology of the UAE: work is in progress
The Ministry of Finance of the UAE is still conducting preparatory work on the introduction of blockchain technology. Representatives of the authorities initiated a number of meetings, during which they will discuss global digital trends and decide on the feasibility of creating an economic environment around blockchain and cryptocurrencies.
Also, officials are preparing an open meeting with the leadership of the International Monetary Fund. It is planned to assess how much development funds, by investing in a digital economy, can affect the economy of the world.
Despite this, the Emirates are already pursuing a certain policy to implement blockchain technology. So, the state creates Aber cryptocurrency for use in the work of banks that are in the experimental stages of work. Thus, politicians want to understand how blockchain simplifies making cross-border payments. Also, officials said that during 2019, the UAE will present its rules regarding ICO.
The introduction of blockchain technology in Russia will be tested for the Unified State Examination
Russia also plans to introduce blockchain, but not yet at such a serious level as the United Arab Emirates. To begin with, the technology will be tested during the USE. The director of the Rosobrnadzor, Sergey Kravtsov, stated this. It is assumed that blockchain will optimize the organizational processes within the USE and ensure the safety of test results. It is not yet about making the exam automated.
On the other hand, this news raises questions, as in Russia in recent years the question of the abolition of the USE as such has been constantly raised. The question is – why spend large funds on something that may not be useful? Even stranger are the words of Sergey Kravtsov that it will take about 10 years for full-scale integration of technology into the process of student attestation.