SPIIF speakers evaluated the blockchain development potential to be used in various production sectors

A panel discussion “Technologies: Blockchain Technology Development Potential in Digital Economy” arranged by RUSSOFT Non-Profit Partnership was held on November 15th as part of XII St. Petersburg International Innovation Forum.

Today the blockchain technology is used all over the world in various sectors, from the pipe making control to the elections aided by distributed ledgers.

The panel discussion participants talked about the use of the technology in various economic sectors. When giving the floor to the reporters, Moderator Pavel Shust, Deputy Academic Supervisor at the Competence Center of the National Technical Initiative “Distributed Ledger Technologies Center of St. Petersburg State University”, made a provocative statement saying that this decade was the least innovative one for the last 50 years.

“There are no real innovations on the market today. The business and the state use already available mechanisms when performing their activities”, he said and offered the event participants to consider blockchain application in various sectors.

Mikhail Lebedinsky, Elections Commissioner of the Leningrad Region, was the first to take the floor. He informed about the internal and external election process control system “Eloris”. Quoting Mr. Lebedinsky, the key aspects in the election process today are maximum openness and adaptiveness.

In addition, Eloris is intended at bot combating and real-time operation of all process actors. The system provides a single communication tool (complaints registration through a mobile application), instant feedback, monitoring of the situation at the polling stations and information registration in a unified system accessible by all related parties.

Moreover, Mikhail Lebedinsky has mentioned about introduction of the remote voting technology and a “mobile voter” function.

“Today, people can exercise their constitution right irrespective of their registered place of residence: the voter can cast his vote from anywhere”, he explained.

When talking about the credibility of the blockchain system, Grigory Marshalko, Head of the Work Group for Chained Data Record and Distributed Ledger Technologies, Member of the Expert Council for Legislative Support of Financial Technologies Development under the Committee on Financial Markets (TK26), emphasized the special role of the information security.

In his report Director General of Urvib LLC Alexey Komissarenko has highlighted the question, whether or not the state requires the blockchain technology.

The speaker has told about the technology application experience in different countries. For example, the clinic patient data are being processed with the use of the technology in Estonia. And in some countries the system is used to regulate the land title registration. The USA, Japan and UAE apply the blockchain technology when developing the public procurement plans.

As for Russia, Alexey Komissarenko has noted that in our country this system is effective in the sectors with weak regulation (Homeowner Associations, Non-Commercial Partnerships of Gardeners, etc.).

According to him, the distributed database may be useful for:

  • online registration and change of data of the new trading companies with simultaneous transfer of the required data to the bank, tax inspectorates and other bodies;
  • reliable storage of the cadastral database;
  • maintaining interaction between the insurers and the medical institutions;
  • ensuring the transparency of the public procurements;
  • accelerated receipt of the reference materials to perform certain bureaucratic procedures.

In addition, the panel discussion participants informed about the business use of the blockchain technology.

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