Moscow government to use Ethereum blockchain in commerce

29 Aug, 2018
by David Robb
News
Moscow government to use Ethereum blockchain in commerce

Moscow's government is to be the latest organization to make use of the Ethereum blockchain. It will implement the network as a way to promote transparency and more efficiently manage commerce in the city.

Weekend farmer's markets, which take place in the Russian capital from April to November, can have up to 20,000 applicants from all across Russia and even further afield. There are only around 2,736 spots up for grabs, and the municipal authorities need to have a system in place to allocate places and inform applicants if they were successful or not.

"We believe that farmers should have a transparent system to see why their application is declined or approved," said Andrey Belozerov, the strategy and innovations advisor to Moscow City Hall's CIO, in a press release. "Blockchain is to make sure that the process is fully transparent and no one can alter an application. We hope that blockchain will provide full transparency for everyone."

Moscow's City Hall started working with blockchain for the first time back in 2016.

Read more: New Fondu app lets users create Ethereum smart contracts more easilyVitalik Buterin hints that Casper is closer than ever to being finished

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