August 9, 2020

Ministry of Finance of the Russian Federation proposed to allocate 349 million rubles for the development of blockchain

The Ministry of Finance of the Russian Federation introduced the draft federal budget for 2020-2022. According to the document, on the development of technology blockchain will allocate a total of 349 million rubles.

The draft budget aims to developdecisions and pilot projects on the creation of "state information resources using the technology of distributed registries, the introduction of methods and technologies for processing and storage of information."

In 2020, 199 million rubles will be allocated for the development of technology, in 2021 - 150 million.

389.9 million rubles will be allocated for the provision of subsidies to budgetary and non-profit organizations within the framework of the national program “Digital Economy” for three years.

Recall that in total about 280 billion rubles are planned to be allocated to support the development of digital technologies in the Russian Federation.

According to preliminary estimates, the introduction of blockchain in government systems may require up to 85 billion rubles.