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Alexei Kudrin: blockchain could replace the state bureaucracy


At the All-Russian Civic Forum, which was held on November 19 in Moscow, chief of the Center for Strategic Research and the Committee of Civil Initiatives Alexei Kudrin noted that subsequently blockchain technology will replace a number of state functions.

“I suppose that new technology will replace many of the functions, including public institutions. For example, blockchain technology that captures any decisions automatically, any agreements, contracts, the whole of society through new technologies could replace the state bureaucracy itself between them, in fact, solve the important issues that need fixing contracts and agreements “, – stated Alexei Leonidovich.


Note that in January of this year, Alexei Kudrin took part in the business breakfast at the World Economic Forum in Davos, during which he shared his opinion about the prospects of blockchain technology.