The Ukrainian government plans to auction the seizure of assets in the chain


nnnAccording to Reuters, the Ukrainian judiciary has begun testing the use of block chains in the form of digital auction of seized assets to achieve the sale of seized assets of the system transparency and security. It is reported that in order to achieve these goals, the government since April has been with the Bitwury company to carry out formal cooperation. At present, before the project mainly focus on the end of the year before the block in the implementation of state-owned assets and land registration.n
nnTranslation: Clovern
nAccording to Reuters, the Ukrainian judiciary has begun testing the use of block chains to digitize the auction of seized assets.n
nThe use of the platform will continue to expand over time, and now focus on the end of the year before the block in the implementation of state-owned assets and land registration.n
nAccording to reports, Deputy Minister Serhiy Petukhov explained:n
nn”We want to make the system for the sale of detained assets more transparent and safe so that everyone can access that information, thus eliminating the need for concerns about possible manipulation.”n
nnTo achieve this goal, the government has been working with Bitwury since April.n
nBitfury CEO Valery Vavilov said at the time:n
nn”Building a secure government system above the chain chain can ensure the security of billions of dollars of assets and generate significant social and economic impacts on a global scale by addressing the demand for transparency and accountability.”n
nnThis partnership represents Ukraine’s internal efforts to modernize its institutions and reduce corruption through block-chain technology. In exchange, the Ukrainian authorities have received $ 40 billion in grants from other donors, such as the International Monetary Fund (IMF), according to Reuters.n

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