Ukrainian Project Develops a Blockchain-based Platform for Property PrivatizationA Ukraine-based project is in the process of developing an automatic system for holding online auctions for leasing and selling of state-owned property using blockchain technology.
Some of the project’s details became public during BIP001 conference and Blockchain Conference Kyiv back in September 2015.
The project’s representatives Lasha Antadze and David Kiziria stated that the essential goal of the system is to maintain transparency and equal opportunities for state property leasing/selling market players. Among other aims of the project they cited removal of corruption components in state assets management. According to the project’s spokespersons, the system is set to employ smart contracts.
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