The authorities of Ukraine are going to transfer several state registers to blockchain and are preparing to issue national digital currency. This was told by the President of the country Petro Poroshenko, speaking at the annual meeting of the Yalta European Strategy.
According to the local TSN agency, Poroshenko announced the start of transfer to blockchain of the National Land Cadastre and the Registry of Rights. Also, according to him, the bank of Ukraine is preparing to issue national electronic money.
In July, at the forum "The New Course of Ukraine", politician Yulia Tymoshenko proposed to transfer the whole system of state administration to the blockchain. Local media called statements of both politicians by the start of the pre-election race. On March 31, Ukraine will hold presidential elections. Tymoshenko and Poroshenko plan to run for it.
WHY IS IT IMPORTANT?
- Ukraine is one of the most open countries of the former CIS to blockchain and cryptocurrencies. It has already tested the voting system on the blockchain and repeatedly talked about plans to transfer state services to a distributed ledger and introduced a decentralized system for managing seaports. Ukraine plans to legalize the cryptocurrency in 2019.
- Ukraine is not the first country in the world that wants to create its electronic money. For example, Petro national cryptocurrency, secured by oil assets, is used in Venezuela. Also, many countries are actively introducing blockchain into various state institutions. For example, in Dubai, within the framework of the blockchain strategy, it is planned that by 2020 all government structures using blockchain technology will enter the Smart Dubai project.