Federal Tax Service Blockchain Platform

2022: The Federal Notary Chamber of the Russian Federation began to use the blockchain to obtain powers of attorney

The Federal Notary Chamber (FNP) of the Russian Federation began to use the blockchain to obtain powers of attorney. This became known on March 15, 2022.

According to TASS, citing the press service of the Federal Tax Service, the FNP joined the experiment of exchanging machine-readable electronic proxies through the FTS blockchain platform. It is assumed that the new technology will make the turnover of powers of attorney more efficient and protected, will increase the convenience of citizens when contacting a notary. In particular, the process of issuing a digital proxy will become easier.

The Federal Notary Chamber (FNP) of the Russian Federation began to use the blockchain to obtain powers of attorney.

When issuing a machine-readable power of attorney, the notary does not need a personal enhanced qualified electronic signature. The notary will certify the power of attorney by signing it with his electronic signature... Documents received from notaries in electronic form will be processed faster and without errors, while the shortcomings of the usual paper document flow will be eliminated - explained in the Federal Tax Service.

According to the President of the FNP Konstantin Corsica, digital tools accelerate and simplify the commission of legally significant actions, and in these processes it is very important to guarantee participants in civil circulation reliable protection of their rights and property interests. This is a traditional task of a notary who is actively developing his digital infrastructure in close cooperation with government agencies, he said.

Corsick added that the cooperation of the Federal Tax Service with the Federal Tax Service has repeatedly made it possible to create advanced, reliable and convenient tools for citizens and businesses, and the new project should open up new opportunities for effective and safe civil circulation.

An experiment to test the technology of exchanging machine-readable powers of attorney of the Federal Tax Service takes place in September 2021. From January 1, 2023, the mandatory use of machine-readable powers of attorney is introduced.^[1]

2020: Launch of blockchain platform

On April 24, 2020, the Federal Tax Service (FTS) launched a blockchain platform for issuing interest-free loans to small and medium-sized businesses (SMEs). It is intended for the prompt processing of documents on applications of entrepreneurs for a loan at 0% for the payment of salaries. 4286 organizations joined the system.

Organizations and individual entrepreneurs who are included in the Register of SMEs on March 1, 2020 and belong to the sectors affected by the coronavirus pandemic will be able to count on a preferential (interest-free) loan. The number of employees is also taken into account: they should be at least 90% compared to March 31, 2020.

The corresponding order of the Federal Tax Service was given by the head of state on April 8, 2020. Tax authorities needed to provide a solution that would exclude the possibility of re-issuing loans, provide for a quick check of the borrower for compliance with qualifying requirements, and could also ensure the objectivity of data on how effectively the program works.

"We designed the decision - it is a blokcheynplatforma of FTS. Each participant has its own node within distributed registries, which generates sequential records, which, on the one hand, allows to ensure data security, on the other hand, access to all project participants, all platform participants. We automatically form a general register of all applications, and it seems to us that this simple solution minimizes the impact on business processes credit institutions, " noted 'Daniil Egorov, Head of the Federal Tax Service

According to the head of the Federal Tax Service, only the TIN and the number of employees are required from the applicant for a loan for data processing. Further, the Federal Tax Service automatically processes as data on which industry the company belongs to, the size of the company, as well as the fact that it belongs to small and medium-sized enterprises. Applications are processed almost instantly, the head of the Federal Tax Service emphasizes.

According to April 2020, Sberbank and VTB have already connected to the blockchain platform.

"By the end of April, it is planned to connect other credit institutions so that we all work in a single information space. If this decision is considered effective, we are also ready to apply it in other state support programs, " noted 'Daniil Egorov, Head of the Federal Tax Service