Wednesday , 13 December 2017

The Ukrainian Cabinet of Ministers approved the implementation of Blockchain technology in the work of the State Register of Rights to Real Estate

According to Interfax-Ukraine, at a government meeting on Wednesday, the Cabinet of Ministers of Ukraine approved the implementation of blockchain technology in the work of the State Register of Real Estate Rights and the Electronic Trading System of Arrested Property (CETAM).

As noted in the final document signed by Prime Minister Groisman, in order to improve the investment climate for the development and support of innovative technologies, the security of the data of the State Register of Immovable Property Rights and the electronic trading system of seized property, the government agreed to the proposal of the Ministry of Justice of Ukraine and the State Agency for Electronic Management to implement the technology Blockchain.

The adoption of the document was also one of the steps to implement the provisions of the Memorandum signed in April by the State Agency for Electronic Control with the American technology company Bitfury Group. As part of the agreement, the US company will provide a wide range of solutions based on the blockchain for the full-scale electronic government of Ukraine.

About its readiness to begin the implementation of blockchain technology, the Ministry of Justice of Ukraine announced at the end of April.

Leave a Reply

Your email address will not be published. Required fields are marked *