The Republic of Tatarstan, a Russian republic, and the venture capital firm Life.SREDA are working on to introduce blockchain technology in public administration system, Maxim Avdeev, Director of Business Development at Life.SREDA stated in an interview to Tatar Inform.

According to reports by forklog.com, the Life.SREDA fund is working with the local authorities of Tatarstan and the collaboration is aimed at the development of specific products and solutions.

“After the presentation of the project InspiRussia the President of Tatarstan Roustam Minnihanovu in the Supervisory Board in Innopolise left the order to consider the use of blockchain technology in public administration in Tatarstan”, Maxim Avdeev, stated (loosely translated).

He also stated on the situation with infrastructure partner InspiRussia bank "Tatfondbank", in which the interim administration was introduced by the decision of the Central Bank of Russia. He added the vision to go beyond the arguments in the real implementation of products.

Previously, University Of Innopolis and Life.SREDA launched the first accelerator, InspiRussia, in a move to support blockchain and fintech firms in the Republic of Tatarstan.