Ukraine’s Cadaster Service Gets Blockchainized

News and Analysis

Expert group of the Innovation and Development Foundation is at the final stages of developing a blockchain-based platform for Ukraine’s State Service of Geodesics, Cartography and Cadaster.

The group earlier participated in creating a similar system for Georgia, as well as in development of ProZorro, Ukraine’s system for public procurement. The works are a part of the Memorandum of Development and Implementation of Decentralized Electronic Auctions.
All auction-related procedures (gathering, visualization and storage of auction item data, authorization of bidders, and processing of price quotations) will be conducted in real-time, while the information will be accessible to anyone.

The system has been launched in test mode this July to run a trial auction for a virtual land plot. The team intends to present the platform to market players and expert communities this September. Pilot auction will run simultaneously with bidding under the prevailing legislation of Ukraine, as the latter currently lacks any provisions as to electronic auctions for land plots.

“Presently, the system interface and functionality of registry and warranty fees are undergoing final stages of development. In September, the expert community will see the system of online auctions to be implemented throughout the country,” said Rostislav Shmanenko, director of the Department for International Cooperation and Land Market of the Cadaster Service.

August 5, Ukrainian town of Bila Tserkva hosted the first pilot auction on leasing an inhabited municipal structure using blockchain platform eAuction 3.0 also developed by the Innovation and Development Foundation.

Found a typo? Highlight text and press CTRL+ENTER

Subscribe to our Newsletter


Related posts

Tags: ,