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Russia Mulls Replacing “Blockchain” with Clearer Local Term

Tue, 10/30/2018 - 15:56
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Yuri Molchan
The word ‘Blockchain’ might seem offensive to one-third of Russians, says head of the National Election Commission
Russia Mulls Replacing “Blockchain” with Clearer Local Term
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Ella Pamfilova, the chairperson of the Central Election Commission of Russia, believes that the open ledger technology can be utilized in numerous areas across Russia. However, as the Russian news agency TASS reports, she insists that the overseas term ‘Blockchain’ must be changed for a better-sounding Russian word.

Blockchain’ should be rebranded, she reckons, it requires an analog close to the Russian people spiritually and mentally. For instance, she admits that words ‘block’ and ‘chain’ are unacceptable since in her opinion one-third of Russians are former prisoners and any references to cell blocks and chains can be offensive.

Apparently, this issue is serious enough to conduct a research across Russia and find a solution. That is what Pamfilova thinks will help to turn the “vague” Blockchain into a technological term clear for everyone.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at