KYIV. March 24 (Interfax-Ukraine) – A system of decentralized electronic auctions will be soon launched in Ukraine, the founder of the Innovation and Development Foundation, Georgian MP Giorgi Vashadze has stated.
“This system will be launched in a month or a month and a half. Integration with specific state structures is starting and the software is ready,” Vashadze told Interfax-Ukraine before the presentation of the system of decentralized online auctions in public areas at the municipal and central levels in Kyiv.
According to the official, the purpose of the project of electronic auctions is to minimize the possibility of subjective factors in the government structures, make the auctions as transparent as possible and exclude the possibility of manipulation.
“Electronic auctions we offer today are based on the Blockchain technology. In fact, Ukraine will become the first country in the world where this technology will be used in e-governance,” he said.
According to Vashadze, when using this technology, the state or another entity won’t have monopoly rights to the database, while the possibility of data manipulation will be minimized.
“The Blockchain technology actually changes the function of the state,” Vashadze stressed.
