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Georges Al Medawar about blockchain, bitcoin and other innovations

16 July2017
Georges Al Medawar about blockchain, bitcoin and other innovations

Georges Al Medawar, specialist for development of Humaniq and co-founder of Omnistry project, made a speech at RANEPA Summer Campus. He told students about Blockchain system and explained why the technology of the future will change the world the same way the Internet did.

Bloсkchain, cryptocurrencies and bitcoin are technology buzzwords which not only bankers and investors study these days. Investments in the last year blockchain projects exceeded one million United States dollars. Investors believe in the promising outlook of this technology, as bitcoin grew from 0.5 USD in 2010 up to 1,000 USD in 2016. In the period from 2015 to 2016 bitcoin increased almost three-fold, and many experts predict its exponential growth in 2017.

When asked whether to use these new technologies, the lecturer claimed that in themselves, both bitcoin and blockchain are neutral, and as any other technology or innovation, they may be used either for good or for evil. Despite the possibility of ill-meaning use of blockchain, its potential benefits outweigh the downsides.


Official site of RANEPA Summer Campus

The organizers of the Summer Campus of the Presidential Academy are the Russian Presidential Academy of National Economy and Public Administration, the Government of the Republic of Tatarstan, the Association of Innovative Regions of Russia, with the support of the Group of Companies ACIG.

General information partner: Forbes. Strategic information partner: TASS. Main information partners: Lenta.Ru. Leading information partner – Polit.ru. Chief regional information partner: Realnoe Vremya (Real Time). Regional information partner: Business Internet portal TatCenter.ru. Information partner in the Republic of Tatarstan – News Agency “Tatar-inform”. Information partners of the Campus: STRBC Tatarstan, Rossiyskaya Gazeta, Radio Svoboda, Expert Tatarstan, magazine Strategy, information and analytical portal Polit.ru, KAZANFIRST and RosBusinessConsulting Tatarstan (RBC Tatarstan).

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