The blockchain will lead to a decentralization of the world economy, said Gref

© RIA Novosti / Vladimir Astapkovich in fotobasketball bitcoinThe blockchain will lead to a decentralization of the world economy, said Gref© RIA Novosti / Vladimir Astapkovich the image Bank

The development of digital technologies and, in particular, the blockchain will lead to the decentralization of the economy in the world, and of the movement of companies towards the creation of ecosystems (networks of organizations created around a single technological platform), said the President of Sberbank German Gref at a meeting of the Council for legislative support of the development of the digital economy under the Chairman of the state Duma.

«I have not heard any clear description, we try to be, that is, on the world’s frontiers, we are the great experimenters with technology, «the blockchain» in the country. It is evident that this radical shift in technology and business models. What it will be is still unclear,» he said. The technology of the blockchain is the system of organization of the distributed database. It, in particular, is base of bitcoin.

«No one knows what will be the situation with the economy of the blockchain. Obviously, the next stage is the stage of a decentralized economy», — said Gref.

In addition, improving the technology platform becomes the basis for a successful business, said the head of Sberbank. «We see that everything is moving in the Economics of ecosystems. Our country is in this sense far behind. The most developed country in this sense is China. We see that this is the future», he concluded.