Moscow City Govt. to Start Blockchain-based IT Innovation Cluster

2304 Total Views

According to Russian news agency TASS reports, the Moscow municipal government is planning to start a blockchain-based city innovation cluster by summer 2019.

As per Mr. Alexey Fursin, Head of the Department of Business and Innovation of Moscow, the upcoming platform for the city’s IT innovation cluster will allow participants to find a potential partner and learn about their equipment and products.

Mr. Alexey Fursin noted that the platform’s entrants would likewise be able to get financial support through grants from the Moscow government.

As per the official, the upcoming platform is based on the state-supported city navigation hub named iMoscow and is as of now in its final stages of development.

As iMoscow reported, the Innovation Cluster Draft Bill was lately accepted by the members of the Presidium of the Moscow Government and is expected to be launched at the Moscow City Duma in the near future.

The innovation cluster of Moscow plans to bring together various tech and business entities, including technology park, IT firms, business incubators, research & development (R&D) organization, universities, and others.

As per TASS, the Department of Business and Innovation of Moscow was set up as part of the reorganization and the Moscow Department of Science, Industrial policy and Business in September 2018.

As of late, the Russian Federal Service for Supervision in the Field of education and science declared it would deploy blockchain in the nation’s main graduation examination, the Unified State Exam (USE).

A month ago, Russia’s Ministry of Education and Science started a blockchain-based platform for tracking natural diamonds to ensure the authenticity of diamond products across the supply chain.