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Transparency International: Ukraine signs the Memorandum to introduce blockchain technology


THE blockchain technology will be launched for introduction and management of the land registries and other government services. Electronic systems begin to work more transparently and without any third-party intermediary. On June 16, the Memorandum of Understanding and Cooperation with the Ministry of Justice of Ukraine, Ministry of Agrarian Policy and Food of Ukraine, the State Agency of Ukraine for e-government, non-governmental organization Transparency International Ukraine and Bitfuri Holding BV was signed.






The Memorandum stipulates that Ukraine will develop blockchain technology and integrate it to public registers and land inventory as well as the public sector Index. Thanks to blockchain technology the database does not require centralized management, transaction speed is increased, but costs are significantly reduced.

“New technologies are a powerful tool to fight against corruption and promote government transparency. Transparency International Ukraine will monitor, control the quality of public administration and promote responsible partnership, the “golden triangle” – civil society, government and business,” – said Yaroslav Yurchyshyn, executive director of Transparency International Ukraine.

“The integration of priority blockchain is the main task for the world’s largest banks and most innovative countries in the world such as Sweden, Estonia, Denmark, etc. It is expected Ukraine will transfer all digital public information to blockchain platform,” said Deputy Justice Minister Denys Chernyshov.

Signing of the Memorandum will allow implementation of the National Action Plan Initiative, Open Government Partnership, for 2016-2018 years that deals with the cooperation of state information resources and introduction of advanced computer technology for electronic services, data storage and information security Unified State Register the Ministry of Justice, including blockchain technology.

“Just imagine if priority functions and, as expected almost all functions, will be integrated with reliable and transparent technology, free of corruption and bribes, the technology which cannot be abused but, on the contrary, it will join the innovative data storage and accumulation methods and provide the opportunity to test some of the actions and ensure it is not possible to perform any actions retroactively,” concluded Oleksandr Ryzhenko, Head of the State Agency for E-Government in Ukraine.

According to the Memorandum, TI Ukraine will optimize blockchain technology during its integration process with the state land registries and will work on the Blockchain Development Index for the public sector and get the first auditing disclaimer free of charge.

Source: Transparency International Ukraine

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Wednesday, June 21st 2017
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