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Ukraine signs blockchain deal with Bitfury Group to create full-scale eGovernance scheme

Ukraine signs blockchain deal with Bitfury Group to create full-scale eGovernance scheme

Ukraine signed a deal with The Bitfury Group, the world’s largest full service Blockchain technology company, to create the first full-scale Blockchain eGovernance program for Ukraine.  The program  will begin with a pilot project to introduce Blockchain technology into Ukraine’s eGovernment platform.

The main areas of the partnership being explored for the pilot project are using Blockchain in state registers, public services, social security, public health and the energy sector. Once the pilot is complete, the program will expand into all other areas, including cybersecurity. Blockchain technology, among other benefits, will help improve the protection of state databases against unauthorized interference, reduce cost to citizens, improve overall efficiency, improve investment in Ukraine, and help reduce corruption across the board.

“Our partnership with the Ukrainian government is about making the lives of the Ukrainian people better by making systems work for people and reducing friction across the board for all,” said Valery Vavilov, CEO of The Bitfury Group. “We are grateful to the forward looking and determined Ukrainian Government for moving in this important direction. The Blockchain is a transformational technology that is easy to use, inexpensive, and much more secure than current systems. We will help ensure everyone can effectively and easily exchange value and ownership in a way they can trust.”

The State Agency for eGovernance of Ukraine is the central executive body within Government of Ukraine and determines the state policy in the field of eGovernance. According to latest EGovernment
Development Index 2016 (EGDI) Ukraine ranks 62nd among 193 countries and climbed by 25 points compared to 2014, which makes Ukraine one of world leaders in terms of eGovernment progress.

The Bitfury Group is the leading full service Blockchain technology company and one of the largest private infrastructure providers in the Blockchain ecosystem. The Bitfury Group develops and delivers both the software and the hardware solutions necessary for businesses, governments, organizations and individuals to securely move an asset across the Blockchain. The Bitfury Group believes the Blockchain can and will open new doors for global economic opportunity and prosperity, and its mission is to create and advance Blockchain applications that will further promote innovation and the advancement of the peer-to peer economy.