Russia’s regulatory sandbox and the implementation of blockchain tech

The principle problem corporations face when testing and implementing modern applied sciences is the necessity to amend current laws. Creating and testing new merchandise based mostly on distributed ledger know-how requires particular situations which might be usually inconsistent with current laws.

The answer to this downside could be the introduction of a particular “regulatory sandbox” regime. It means the creation of an ecosystem inside which corporations and state-owned enterprises can take a look at their developments with out legislative obstacles.

Maxim Rukinov is head of the Distributed Ledger Applied sciences Heart at St. Petersburg State College. He has a legislation diploma and a Ph.D. in financial sciences. Maxim focuses on funding portfolio administration and monetary evaluation. His experience is confirmed by the MIT Sloan College of Administration. He has additionally authored scientific publications on financial safety and the affect of sanctions on the Russian economic system.