The government of Moscow is preparing to use the ethereum based blockchain platform as a system part in order to assign trading spots.
The system will record a submitted presentation of farmers, who strive hard for a number of commercial plots that are limited.
Around 15000 trading spots are up for grabs, with the marketplace season stretching among April 20 and November 25 and farmers coming in from Armenia, Russia, Belarus, Kazakhstan, and Kyrgyzstan.
According to Andrey Borodyonkov, the blockchain product manager, Moscow City Hall, stated that there are about 20,000 applicants submitting their bids each year. The idea is to use ethereum as a way to make an unchallengeable record of applications with updates made for those who are either accepted or denied access.
He said, “Blockchain is an additional guarantee that the incoming applications remain immutable as well as makes the audit of the application history possible.”
The government stated, “The entire dataset is publicly viewable, transparent and available for download. In that case, submission time can be confirmed, while the application cannot be deleted or altered by someone once it is submitted.”
A lot of farmers are unhappy with the current system for reviewing applications. Andrey Belozerov, the innovations, and strategy advisor, Moscow City Hall’s CIO, mentioned that the new system will aid to lessen a few problems by making that info more accessible. According to him, the farmers must have a clear and simple system to see why their application is declined or approved. Blockchain will assure that the procedure is fully transparent and no one can modify it.
As revealed in Coindesk, the Moscow City Hall have begun hiring developers who are capable of working with a blockchain platform back in 2016, and in 2018, that staff officially formed a division named “Product Blockchain.
The post Moscow’s Govt To Use Ethereum Blockchain Platform To Promote Transparency In Commerce appeared first on OWLT Market.
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