• Russian ministry has recently added the Waves Enterprise blockchain platform to its official registry.
  • Waves Enterprise can now gain better access to projects by the local government and public organizations.

Waves Enterprise has recently been added to the Unified Register of Russian Software for Computers and Databases by the Russian Ministry of Communications. Waves is an enterprise-grade hybrid blockchain firm. Documents published by the ministry described Waves Enterprise as a “cloud-based distributed ledger service and service for virtualization and storage of data.” 

A source from Waves has said that this inclusion is good for the company as the blockchain platform can gain better access to projects by local government and public organizations. It also allows the DLT firm to expand its services to the public sector. For Waves Enterprise to be added to the registry, it had to provide the necessary compliance documentation to the authorities, said Matvey Voytov - Waves Enterprise head of marketing. 

According to Cointelegraph, Voytov noted that the addition would not have any effect on the Waves Enterprise System Token (WEST) crypto. He added that the firm is a blockchain platform with a good market share in the Russian enterprise blockchain market. According to him, the inclusion of the firm in the registry has significant implications for the company.

The inclusion in the Federal registry of Russian software opens additional opportunities for getting into local government and public organization projects. [...] [Solutions based] on the Waves Enterprise platform will receive priority in procurement for governmental and municipal projects. In this way, the company can expand its presence in the public sector.

He further added that Waves Enterprise is certain that Russia will use its technology because “Russia is actively digitalizing and applies new technologies in its strategies, including blockchain.”

The expansion of the use of domestic and localized versions of software for state needs is one of the priority areas in [the] Russian market, which was set by the government of the Russian Federation.


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Dogecoin Price Forecast: Bulls deploy $355M in DOGE longs amid Gensler exit confirmation

Dogecoin Price Forecast: Bulls deploy $355M in DOGE longs amid Gensler exit confirmation

Dogecoin price crossed $0.40 on Friday, after a weeklong consolidation that saw DOGE tumble 13% from last week’s peak. Derivative market reports link the DOGE rally to Gary Gensler’s  imminent exit.

More Cryptocurrencies News
Crypto Today: XRP gains 10%, Cardano, XRP, and DOGE price rallies, delay Bitcoin’s $100K breakout

Crypto Today: XRP gains 10%, Cardano, XRP, and DOGE price rallies, delay Bitcoin’s $100K breakout

The global cryptocurrency sector pulled $230 million capital inflows on Friday, as markets reacted positively to news of SEC Chair Gary Gensler’s imminent exit.

More Crypto News
Cardano Price Forecast: ADA could rally by another 30% as on-chain data signals bullish sentiment

Cardano Price Forecast: ADA could rally by another 30% as on-chain data signals bullish sentiment

Cardano (ADA) surged 24% to $0.98 on Friday following rising weekly active addresses, increased open interest and spot buying pressure.

More Cardano news
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.

More Shiba Inu News
Bitcoin: Rally expected to continue as BTC nears $100K

Bitcoin: Rally expected to continue as BTC nears $100K

Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week. 

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP