The head of Russia’s Sberbank has set tongues wagging after he emerged bullish about the future of Blockchain Adoption. CEO Herman Gref is forecasting industrial scale adoption in as little as one or two years.

Gref believes the technology is on the cusp of entering the industrial development stage of its evolution. Speaking to journalists this week, he said:

“The hype around the technology [blockchain] is now over, and the technology is entering the stage of industrial development. It needs a year or two to be implemented at the industrial scale.”