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Ukraine’s Ministry of Finance announces Blockchain implementation

Ukraine wants to be a leading nation in Blockchain technology use. The Ministry of Finance will use E-auction solution from a company called Distributed labs in order to sell government assets and curtail rampant corruption in the current system. As Minister of Finance Olekssandr Danlyuk stated, “We would like Ukraine to be the first country in the world that use Blockchain in selling state assets transparently, at the highest price, without corruption and I believe the Blockchain can do that.” This implementation would reduce costs because of no paper work. The e-auction project was first created by Innovations and Development Foundation co- founded by Mr. Lasha Antadze.

Lara Abdul Malak

Lara has been a journalist and writer in the technology field since her graduation from AUB majoring in political science. She has had career in corporation communications in the telecom sector and was part of the launch of first 3G network in the GCC and MENA region. Since her return to journalism she has been focused with passion on blockchain, tokenization, crypto focusing on the GCC and MENA region.

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