OREANDA-NEWS. In conjunction with the St.-Petersburg International Economic Forum 2017, Vnesheconombank will introduce its principal focus areas for promoting Russian innovations.

In compliance with its Strategy 2021, VEB intends in the coming years to increase its participation in rapid-development projects by encouraging investments in those innovative areas where Russia can become a global leader. These include blockchain, quantum and convergent technologies, etc.

At SPIEF’17, VEB holds a panel discussion ‘The Explosive Impact of Blockchain Technology’, which is to take place on June 2 from 9:45 to 11:00. Intended participants include First Deputy Prime Minister Igor Shuvalov, Chairman of Vnesheconombank Sergey Gorkov, Founder of Etherum Vitalik Buterin, Founder and CEO of BitFury Group Valery Vavilov, and Co-Director and President of The M&A Advisors David Fergusson.

The participants will discuss the prospects and risks of blockchain adoption in Russia, the practical potential of the technology in terms of business tasks and the public governance system.

“VEB has everything it takes to fill the niche of a bank for development of Russian innovations. We are ready to finance innovation and NTI projects at the start-up stage of production and service development, as well as support such projects at the stage of business scale-up. This is exactly the idea we intend to elaborate at the forthcoming forum. Blockchain will be the primary focus of our discussion, which is to comprise global leaders and industry experts. Blockchain can substantially improve the quality of governance both in business and public agencies”, Chairman of Vnesheconombank Sergey Gorkov said.

VEB’s stand will have the ‘Investment in Russia’s Future’ display, including innovative solutions and technologies of Russian companies. In particular, VEB’s partners will present Russian inventions in space technologies, medical science, robotics, thin-film materials, communications, etc.