Investing Ukraine
Yes, Ukraine and blockchain. Ukraine has started deploying the blockchain in a procedure of buying lands.
The move will increase transparency and boost trust in the registry, First Deputy Agriculture Minister Maksym Martynyuk said at a news conference in Kiev.
what is it required?
Land reform is one of the requirements of the International Monetary Fund, Ukraine’s biggest creditor, which has held back payments from a $17.5 billion bailout as the country has failed to meet terms. The government says establishing a comprehensive, transparent and secure registry is necessary to proceed on one element of the overhaul, lifting a ban on the sale of farmland. The switch to
The government says establishing a comprehensive, transparent and secure registry is necessary to proceed on one element of the overhaul, lifting a ban on the sale of farmland. The switch to the blockchain, though the biggest hurdle remains the lack of political support, according to the Agriculture Ministry.
“Land reform is a formation consisting of many bricks,” And this is one of the important bricks.
Blockchain, the technology that underpins virtual currencies, allows users to make simultaneous changes to databases across a distributed network, which could allow land-registry entries made in one location to be immediately visible on the system, adding to transparency.
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