Moscow To Improve Transparency In Commerce Through Ethereum

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The government of Moscow is planning to take advantage of the Ethereum blockchain to achieve more transparency in e-commerce.

Moscow?s government plans to incorporate the Ethereum blockchain into a system that will be used to allocate trading spots at the farmers’ markets. The system will collect applications that are submitted by farmers vying for the few commercial plots that are available. There are 2736 spots available to be allocated but the number of farmers is more than that figure. More than 20,000 farmers usually submit their applications each year. It is therefore important for the government to find the ideal solution for allocating the positions.

The market season in Moscow kicks off in April and ends in November. It attracts local farmers and also foreign farmers from Kazakhstan, Belarus, Kyrgyzstan, and Armenia. The government of Moscow will use the Ethereum blockchain and its features such as smart contracts to come up with immutable records of the applications. Updates on the system will be made to register those approved and those that will be denied access.

“Blockchain is an additional guarantee that the incoming applications remain immutable as well as makes the audit of the application history possible,” stated Andrey Borodyonkov, the blockchain product manager at Moscow?s City Hall.

The new system will focus on achieving better service to farmers

Borodyonkov also added that the dataset for the system will be accessible to the members of the public and can even be downloaded. This will encourage transparency in the system, unlike the current system in which many farmers have expressed dissatisfaction. Andrey Belozerov, the innovation and strategy advisor to the CIO of Moscow?s City Hall is confident that the new system will eliminate some of the concerns brought forward by the farmers.

Belozerov believes that the farmers should have access to a transparent system that allows them to have answers when their applications are turned down. He also pointed out that the system will leverage blockchain technology to achieve transparency while also making sure that data is not altered. The Moscow City Hall has been hiring blockchain developers to work on blockchain solutions since 2016.

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