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Blockchain Learning Center May Be Created In Crimea

21:11 16/11/2018

The prospects of creating a center, where experts from unrecognized state entities, which are subject to international sanctions, could study blockchain technology, are being considered in Crimea, TASS reports.

The Crimean Republican Association of Blockchain Technology Investment (CRABIT) operating on the peninsula and headed by Roman Kulachenko is the initiator of the creation of such a center.

It is planned to create an educational institution or training courses for specialists in the DLT field, Kulachenko stated. In his opinion, this will be especially important for state entities not recognized by the international community — South Ossetia, Abkhazia, as well as the Crimean Peninsula.

All such entities face the same issues. One of the main ones is the impossibility of attracting foreign investors. Blockchain will help solve this problem, according to the Crimean organization. Representatives of state authorities will also be able to undergo the training.


By means of blockchain, it is possible to create investment platforms where investors can make anonymous contributions. Besides, it is necessary to develop regulatory documents to work with smart contracts and consider the possibility of creating cryptocurrency, Kulachenko added.

A number of countries use their own cryptocurrency to circumvent international sanctions. Oil-pegged El Petro token was created in Venezuela. Earlier, the Iranian government announced plans to develop a national digital asset. Experts suggested that state cryptocurrency is being developed in North Korea.

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