The government of Ukraine has announced its plans to test blockchain implementation in the land registry system.
As reported by Interfax-Ukraine, the pilot project is expected to be launched in October. The announcement was made at a government meeting held last week. Maksym Martyniuk, First Deputy Agricultural Policy and Food Minister, said that the project aims to digitize auctions for leasing state land.
"In today's resolution, we have written two things: the transfer of the State Land Cadastre to blockchain technology. It is the most advanced technology in the world to protect information. The second point is the transfer of all of the auctions conducted for leasing state land to the electronic format. This is a pilot project that we will launch this October," Martyniuk said.
The project aims to introduce blockchain technology to the State Land Cadastre. The objective is to reduce the role of human factor to minimum.
“The software product will be developed on the basis of Blockchain technology, which is the most advanced of the existing in the field of data protection. The maximum task is to reduce the level of the human factor in the functioning of the system to zero,” Martyniuk said, as quoted by Gesellberg.
Gesellberg reported that Martyniuk; Valery Vavilov, CEO of Bitfury; Yaroslav Yurchishin, Transparency International Ukraine; Alexander Ryzhenko, State Agency for Electronic Governance of Ukraine; and Denis Chernyshov, Ministry of Justice of Ukraine; signed a memorandum of commitment to move the country’s land registry to blockchain.
Earlier in April, BitFury and the Ukrainian Government signed a MoU to build first full-scale blockchain eGovernance program for the country.
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