Olga Skorobogatova: blockchain technology is not Mature enough

Blockchain technology is not Mature enough and requires numerous modifications from the point of view of security and scalability, said the first Deputy Chairman of the Bank of Russia Olga Skorobogatova.

According to her, in the world yet industrial solutions on distributed registries, in addition to bitcoin and part of cryptocurrency.

«In the technology of the blockchain there are two subspecies: one of them is used for payments and online transactions – is platforms such as Ripple and Corda. The second subspecies is the platform for working offline and contracts, Ethereum, and Hyperledger,» – said Skorobogatova.

«Technology for the sake of technology – it is senseless. That is, if, for example, for electronic mortgages, electronic letters of credit of us this business case are clear, that transfer payments, like I said, with online processing, for example, the same Ripple and Corda, we are not yet clear,» she said.

According to the Chairman of the Central Bank in 2018 in all countries, in Russia in particular, try to understand how to apply the technology of the blockchain in practice: in what projects it can be used, including on an industrial basis.

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