Research: The number of Russian enterprise blockchain projects increased by 45% year-on-year in the first half of 2019

According to a recent report by the Russian PRIME news agency, MindSmith and Waves Enterprise research shows that in the first half of 2019, the number of Russian enterprise blockchain projects increased by 45% year-on-year. The study is based on a survey of 157 blockchain technology organizations, including Russian-based companies and multinational companies in Russia. From a business perspective, blockchain technology usage in energy, mining and manufacturing is 30%, which is more than 28% of financial institutions. Experts say that the blockchain has proven to be a sustainable technology and its effectiveness in the Russian market has been confirmed. Currently, blockchain technology is mainly used in the field of multi-party transaction interaction, and it is dominant in Russia's supply chain control, document flow optimization, payment and traditional financial instruments. In addition, among the top 10 information security companies in Russia, 5 have applied blockchain related services.