A subsidiary of Rostec, a Russian state-owned hi-tech conglomerate, has partnered with blockchain platform Vostok, major Russian press agency Tass reports on February. 14.

The joint agreement was signed by Rostec subsidiary National Center for Informatization (NCI) and school company Vostok, that provides a blockchain platform combining its own private blockchain and also the Vostok system integrator.

Global blockchain platform Waves raised $120 million in December 2018 for the Vostok platform, that uses Waves technology for each commercial and government IT systems.

According to the agreement, Vostok are going to be liable for the development of solutions based on blockchain for NCI to implement in joint infrastructure ventures. The article underlines:

“The partnership with Vostok can provide the NCI the chance to develop competencies within the implementation of blockchain technologies at the municipal, regional and federal levels.”

Tass states that Vostok has already entered into cooperation with major patience Sberbank, transport school firm Transmashholding, Russian development bank VEB.RF, Rostec and Kazakhstan telecommunication company Transtelecom. the entire amount of those ventures is anticipated to exceed one billion rubles (about $15 million), Tass reports.

Previously in the week, Top Market Group reported that Infotech Baltika, a Russian shipping logistics company that gives its services to fourteen ports within the Russian Federation, declared the development of a blockchain-based system. Dubbed Edge.Port, the system aims to trace all services within the port — together with vessel parking and tug boat rentals — via a blockchain-backed system.

Earlier this month, Rosobrnadzor, the Russian Federal Service for supervising within the Sphere of Education and Science, declared that blockchain tech would be enforced into the country’s main graduation examination, as Top Market Group reported on February. 5.

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