Rosatom the Russian nuclear agency has announced that it is planning to develop advanced digital technologies such as blockchain. The head of IT in the agency Evgeniy Abakumov said this as reported by Strana Rosatom on the first day of October.

Abakumov said that the agency will focus on technologies that are related to IoT, artificial intelligence and blockchain. He maintained that these are being integrated in the agency’s work as it creates a broad base to enable the aforesaid developments.

“We are committed to integrating 4.0 technologies on a wider scale. IoT, AI, blockchain and others are to increase the efficiency of manufacturing process,” he said.

Hunting for Blockchain Talents

The IT chief of Rosatom also said that the agency is looking at avenues through which to bring in new talents in those field to help in the realization of the agency’s objectives.

Russian institutions have shown interest in the distributed ledger technology. Just last summer, the country’s largest social services and manager of pension funds, PFR announced that it was seeking means of integrating blockchain and smart contract in its labor administration.

Leveraging Advantages of Blockchain

The PFR are hoping that the introduction of the technology will reduce the paperwork involved in daily management activities. There is also the belief that blockchain will protect workers from exploitation by employers.

The country has been looking at ways of streamlining crypto-related activities. Some Russian entrepreneurs, industrialists and top business men have already drafted an alternative bill on crypto regulation.

The effort of the authorities to have such bill approved has not yet yielded fruits to the disappointment of many cryptocurrency enthusiasts in the country. The bill has been mentioned since January this year but seems to have been stalled along the way.