"The development of services on a Blockchain can turn the whole sphere of life around", says BANKEX Partner Stan Sushko to the Major CIS Newspaper.

"The development of services on a Blockchain can turn the whole sphere of life", he is sure about it. Meanwhile, the outlook is not in bitcoin or crypto at all.

"A great number of people are mixing up crypto and Blockchain. Blockchain is technology. Cryptocurrency is just a calculating element. As a bank employee who has worked in this field for many years, I have always considered cryptocurrency as a bubble. Bitcoin is an extremely speculative thing with a very high risk. In my opinion, tokens are our tomorrow. Tokens represent a coded unit with a full set of rights that cannot be falsified, and which actually replaces any paper contractual relationship, "Sushko explains.

"It's almost impossible to crack the code itself, which is the essence of the Blockchain system, because if you crack one computer, other users will simply exclude this link from the general chain, and continue to work." Thus, the Blockchain solves many problems, primarily because It cannot be faked. Considering the connection to a network of millions of computers, it is impossible to carry out such a large-scale attack, which will wreck the technology,» he expert adds.

"We used to use fiat money, then we got cards, now we can pay even with a phone or make a transfer." It's the same here. You can sign a paper contract, or you can use a token that is an electronic substitute for any existing contract. It is a transition to the virtual space. The next step, as I suppose, will be a clear binding of the token to the identification of the person. This will be like an identity card or an ITN (identification taxpayer number)," Sushko explains.