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How Waves contributes to blockchain legitimization on a scale of Russia and the CIS

How Waves contributes to blockchain legitimization on a scale of Russia and the CIS

Sasha Ivanov, the founder and CEO of the Waves blockchain platform, was one of the speakers at “The Explosive Impact of Blockchain Technology” session at the St. Petersburg International Economic Forum that was held in early June.

The declared topics were discussed at the highest state level: along with Sasha, a number of representatives of the authorities and financial institutions participated in the panel: Minister of Communications and Mass Media of the Russian Federation Nikolay Nikiforov, Deputy Governor of the Central Bank of the Russian Federation Olga Skorobogatova, First Deputy Prime Minister Igor Shuvalov, Ethereum Founder Vitalik Buterin, and others. The SPIEF participants greeted Blockchain technologies fairly positively, and the market almost immediately reacted to the Waves founder’s speech: the price of the platform tokens almost doubled, from $2.5 per token in late May to $4.5 with a peak of $6.83 in early June.

Keynotes voiced within the SPIEF walls were the introduction of blockchain to the real world and the growing interest in this tool both from the government officials and ordinary citizens. The introduction of blockchain technologies and blockchain-based solutions, growing popularity of ICO as a fundraising tool and the paradigm of total decentralization are comparable to the development of the Internet in the 1990s in importance; the states, which were faster than others in developing this field, found themselves at the forefront of innovation and took a dominant position in the world.

However, the expert blockchain initiatives by Sasha Ivanov this year were not limited to participation in the SPIEF session only.

In late January 2017, Ivanov presented Waves at the conference “Cryptocurrency Regulation in Russia: Interim Results”, where participants responded to questions from industry users and entrepreneurs. Repres...

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