The notion of blockchain disrupting the banking industry is a " myth " , according to Chairman of the Central chamber of Russia , Olga Skorobogatova . speaking at a conference , she said that examining distributed ledger technology had found " risks and imperfections " , and a further three or four years would be needed to understand its implications . Skorobogatova has previously praised blockchain , saying it could " transcend its potential beyond expectations . " During the same conference , Skorobogatova suggested the creation of a Russian consortium along the lines of R3 .
The notion of blockchain disrupting the banking industry is a "myth", according to Chairman of the Central Bank of Russia, Olga Skorobogatova. Speaking at a conference, she said regulators examining distributed ledger technology had found "risks and imperfections", and a further three or four years would be needed to understand its potential. Skorobogatova has previously praised blockchain, saying it could "transcend its potential beyond bitcoin." During the same conference, Skorobogatova suggested the creation of a Russian consortium along the lines of R3.