Ukraine Signs Blockchain Deal with Bitfury Group

Announcements, Blockchain, FinTech, News | April 14, 2017 By:

Ukraine has hired a US company to explore creating a blockchain-based system for public services.

Ukraine’s Cabinet of Ministers has partnered with US Bitfury Group to create what’s being called an e-Governance system. The pilot project will try to adapt blockchain systems for public services, national registers and the energy sector. It is anticipated the pilot, if successful, will expand into other areas.

“We understand that there‚Äôs no alternative way instead of bringing to public services latest technologies. Blockchain has proved itself as a good ground for cost reduction, government efficiency & transparency to help reduce corruption,” said Bitfury Group CEO Valery Vavilov.