Bila Tserkva City Hall to Implement Blockchain Platform Auction 3.0

News and Analysis

According to the resolution “On introduction of amendments to the activity plan of Bila Tserkva City Hall as to preparation of regulation act bills for the year 2016”, Gennadi Dikiy, the mayor of Ukrainian town Bila Tserkva, has filed a bill on using blockchain-based platform Auction 3.0 as one of instruments to be reviewed by the city council in the short term.

The working version of decentralized online auction is underway in several Ukrainian cities. Each launch is accompanied by public attention and clarification of how the system works, how it cuts corruption risks, and what it may give to users.

The system was first launched in Kherson oblast of Ukraine, followed by Bila Tserkva earlier this month, where an uninhabited municipal building was leased under the e-auction’s test run. The town’s authorities turned out to be very pleased by the experiment’s outcome, so they decided to use the blockchain-based system for all further auctions concerning the town’s municipal property. The recent decision by the town’s mayor may be a strategic step in that direction.

The system’s capabilities are currently limited to leasing, as similar auctions on selling national and municipal property will become possible only once relevant amendments are introduced in Ukraine’s legal framework.

The concept of transferring public property privatization to a decentralized open exchange originated in Innovation and Development Foundation. The software was developed by blockchain experts from Distributed Lab.

The project received support from two Ukrainian banks, namely Oschadbank and PrivatBank, both of them providing their infrastructure for submission of payments, as well as Microsoft. The latter offered free servers to test and run the platform. The other important partner is EMK, who developed and launched the first Auction 3.0 access platform.

The next city to test the platform this autumn will be either Poltava or Ukraine’s capital Kyiv.


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