First Blockchain-Powered Government to Launch in Odessa, Ukraine

Bitcoin Foundation Ukraine and KUNA Bitcoin Agency are expected to announce a Ukrainian blockchain project to set up an E-Governance system in Odessa, Ukraine.

The corresponding memorandum was already signed by the First Deputy Head of Kyiv Regional State Administration Lev Partskhaladze, said KUNA founder, Michael Chobanyan to Cointelegraph. Now Odessa Oblast may become the first administrative center to adopt blockchain technology for governance. Though it has not yet been confirmed just exactly which “blockchain” will be implemented.

As the first step in the project, Bitcoin Foundation Ukraine will hold a government real estate auction on the blockchain. It will ensure fair, transparent auction and eliminate the chance of document forgery. This blockchain-powered auction system is currently in the pilot stage.

According to the signed memorandum, the local IT-community will help develop the project in Odessa. They will study ways to integrate blockchain technology for various public services such as personal identification, public records, banking, etc.

The official announcement will be aired on Ukrainian TV, which can be seen later here.