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Geo cadastre of Ukraine is testing the electronic auction system


Geo cadastre of Ukraine is testing the electronic auction system. On 2th September in Odessa, the electronic system of land auctions was presented, based on blockchain technology that allows trading in parallel with conventional auctions.


The presentation was organized by the geodesy cartography and cadastre State Service of Ukraine and developers of Innovation and Development Foundation system.


The auction was established to check the operation of the system, where 19 land plots were put in the Odessa region, the total area of 708 hectares and the total starting price of 1.3 million UAH. If the test is considered successful, the system will be implemented across the country.


Today, there is no alternative to land auctions in terms of anti-corruption and the overall economic efficiency. Therefore, the platform has been set up for online bidding in order to attract the largest number of participants, ensuring even greater transparency of the process “, – said the First Deputy Minister of Agrarian Policy and Food of Ukraine Maxim Martyniuk.


In Odessa, was launched the blockchain land auction


In Оdessa, Distributed Lab co-founder Paul Kravchenko announced the online auction for the right to lease a land plot, located in Shiryaevo district.


Trades have been held today, on 2 September, and everyone could follow their progress by clicking on the appropriate link. As a result, the auction the land plot was leased for 230.5 thousand hryvnias.


“Right now eAuction 3.0 is used for the trading of rights to lease land in the Odessa area. You can watch the process of bidding online on the website. Also, there is the possibility to download a node and an interface, and open your own trading platform (the whole code is open), “- said Pavel Kravchenko on his page on Facebook.


Earlier, the blockchain platform eAuction 3.0, created under the direction of Chervyakova Stanislaus Distributed Lab developer, was tested in Kherson region and Belaya Cerkov, as a pilot run was leased non-residential premises, which is located on the municipal property.