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Moscow Announces Ethereum Development For More Transparent Local Commerce

bitcoin blockchain cryptocurrency ethereum development

Authorities in Moscow have announced plans that would see the city turn to the ethereum blockchain to help allocate trading permits for farmers markets, in one of the first such schemes of its kind to be proposed by a major global city.

The system will be deployed to handle applications for trading pitches from farmers competing for one of the 15,000 slots available at the city’s farmers markets each year. The markets attract farmers from across the wider region, including Armenia, Belarus, Kazakhstan and Kyrgyzstan, during a market season that runs from April to November annually.

Over 20,000 applications are filed each year, leading to strong competition for spaces. The ethereum system will be used to allocate and record successful applications, and will be cross-referenced with those approved or denied permission to trade.

Andrey Borodyonkov, blockchain product manager at Moscow city hall, said the system would make the process for allocating trading pitches more transparent.

“Blockchain is an additional guarantee that the incoming applications remain immutable as well as makes the audit of the application history possible.”

In a separate statement, Moscow city hall representatives confirmed that transparency was one of the key benefits of the new system.

“The entire data set 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.”

Andrey Belozerov, strategy and innovations advisor at city hall, said the role of blockchain was to secure the integrity and immutability of applications filed through the system.

“We believe that farmers should have a transparent system to see why their application is declined or approved. 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.”

The local administration in Moscow has been known to be working on blockchain research since 2016, before officially forming a blockchain division earlier this year.

If the model proves successful, it could help inspire similar development efforts elsewhere, as governments increasingly turn to the blockchain to streamline public administration.

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