Blockchain to power Russian state nuclear energy corporation 24356
News
Priyanka Babu
Oct 1, 2018 at 9:45 PM

Russian state nuclear energy corporation [Rosatom], Russia's largest electricity producer, is planning to integrate their existing technology with blockchain and other technologies. According to Rosatom IT department head Evgeniy Abakumov, the company intends to explore three new technologies namely, blockchain, artificial intelligence and the Internet of Things.

"We are committed to integrating 4.0 technologies on a wider scale. IoT, AI, blockchain and others are to increase the efficiency of the manufacturing process," he said according to a corporate news outlet Strana Rosatom. He also mentioned that the company was looking for new talent which specializes in these three technologies.

Rosatom is known for building Akademik Lomonosov, Russia’s first floating nuclear power plant which costed about $. Greenpeace has often called the Akademik Lomonosov a “nuclear Titanic” and a “Chernobyl on Ice” because the plant will spend most of its life around icebergs. It can operate for 12 years before it needs to be refueled. The nuclear power plant has two KLT-40S reactor units that can generate up to 70 MW of electric energy during its normal operation. This is enough to generate electricity for 100,000 people. The main purpose of Akademik Lomonosov is to provide the remote industrial plants, port cities, as well as the offshore gas and oil platforms with electric energy.

Russia is a country that is known for exploring new areas of technology. It has captured the prime position in the weapon industry, known for having some unique weapons and even beating the most powerful nation, the U.S at manufacturing new weapons.  Russia has also started exploring blockchain and crypto related technologies. Russian official institutions are taking a special interest to replace the regular software with blockchain technology and smart contracts. The country is also outlining regulatory guidelines for the cryptocurrency and blockchain industry of Russia.

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