Kherson authorities support introduction of blockchain-based auctions

Kherson authorities support introduction of blockchain-based auctions

Innovation and Development Foundation of Ukraine and Kherson authorities have signed a memorandum on introduction of online auction system «e-Auctiоns 3.0» based on blockchain. This solution will open access to information on state property being sold or rented by private parties.

Corruption is flourishing in this sphere, because it’s almost impossible to control paper work, explained advisor for the Presidential Administration David Kiziria. According to him, transition to open procedures will eliminate the problem. 

And now local deputies will consider the issue of introducing a blockchain-based platform. If they vote in favour of this project, it will give the green light to technical experts.

Kherson is the second city after Kyiv that has signed such a memorandum. 

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