This story was shared from this site

The Ukraine and Bitfury test new frontiers! The State Agency for eGovernance signed a memorandum with Bitfury, which could be the beginning of the biggest and most ambitious blockchain project a government has started.

On April 13 Oleksandr Ryzhenko, head of the Ukrainian State Agency for eGovernance, and Valery Vavilov, CEO of Bitfury, signed a memorandum which could be a milestone in the digital transformation of the state. The memorandum aims to start a wide scoped project which aims to bring most parts of the governmental data streams of the Ukraine on a blockchain.

The “full-scale Blockchain eGovernance program” will start with a pilot project to test how the Ukrainian eGovernment platform can use blockchain technology. The main areas being explored are state registers, public services, social security, public health and the energy sector. “Once the pilot is complete, the program will expand into all other areas, including cybersecurity,” the press release notes.

According to the release blockchain technology “will help improve the protection of state databases against unauthorized interference, reduce cost to citizens, improve overall efficiency, improve investment in Ukraine, and help reduce corruption across the board.” Ryzhenko, head of the agency, adds: “Ukraine’s aim of reform in government sector is extremely strong … Blockchain has proved itself as a good ground for cost reduction, government efficiency & transparency to help reduce corruption. All these are among our goals. So we’re ready to bring blockchain as part of Ukrainian eGovernment strategy.”

Helpful for a Variety of Reasons

A country like the Ukraine can profit from a successful application of blockchain technology for several reasons. The country, which has still not fully recovered from the severe impact of the financial crisis in 2009 and the civil war, could use the most modern public service infrastructure in the world to

Facebook Comments

Read previous post:
You Can Now Put Ethereum’s Ether In Your Retirement Fund

The California-based startup has launched a new Ethereum IRA investment product that allows individuals to invest in a self-directed...