Ukraine’s Justice Ministry Trials Blockchain-Based Auction

Blockchain, Innovation | September 8, 2017 By:

The Ministry of Justice of Ukraine has begun testing the use of blockchain technology to digitally auction seized assets. The trial is a part of a broader effort to enhance transparency in government transactions.

Deputy Minister Sergiy Petukhov said that the justice ministry has started using the technology for auctioning seized assets and plans to transfer state property and land registries to the platform by the end of the year.