Vladimir Putin (Russia) interested in Ethereum??

in #bitcoin8 years ago (edited)

Quote from Putin about Ethereum technology.

“The digital economy isn’t a separate industry, it’s essentially the foundation for creating brand new business models,” Putin said at the event, discussing means to boost growth long-term after Russia ended its worst recession in two decades.

Quote from Vlad Martynov, an adviser for The Ethereum Foundation

“Blockchain may have the same effect on businesses that the emergence on the internet once had -- it would change business models, and eliminate intermediaries such as escrow agents and clerks,” said Vlad Martynov, an adviser for The Ethereum Foundation, a non-profit organization that backs the cryptocurrency. “If Russia implements it first, it will gain similar advantages to those the Western countries did at the start of the internet age.”

Seeing as Russia is interested in blockchain tech, ethereum has huge implications alone for Ethereum as becoming more and more the standard for Web 3.0. Ethereum has so much momentum going for it with major corporations, ICO start ups, and devs lining up to add value in a network effect to ETH.

This seems like the tip of the iceberg for ETH.

For full article at bloomberg https://www.bloomberg.com/news/articles/2017-06-06/putin-eyes-bitcoin-rival-to-spur-economic-growth-beyond-oil-gas

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