Photo Credit To Jim Sabogal Via Flickr
The Capital of Russia is in search of a contractor who will build a blockchain-based system for the city’s administrative services. Moscow reportedly plans to spend about $860,000 to develop the system according to an auction announced by the city’s officials.
City officials believe this will lead to increased transparency during property transactions and during the distribution of trading spots. The city wants to create a platform for a distributed database. In the auction, Moscow wants a contractor who will come up with a blockchain solution for the automation of electronic services offered by the city within 60 days. It will lead to better transparency in how the city offers its services while helping to cut costs.
Additionally, the developer of this system will need to implement the blockchain in the management of personal data for the Active citizen project. In the auction, the developer is asked to provide the office of the mayor with an algorithm for the distribution of retail space by specialization such as vegetables and fruits. In the future, the city plans to use the system for the issuance of various other documents related to the real estate sector. Aside from Russia finding value, we had covered a story a while back regarding other real estate use cases in blockchain technology.
The use of Blockchain Technology in Moscow
Moscow’s mayor first announced the use of blockchain technology in November 2017. The system was to be used in the city’s real estate registration and public administration. By using this technology, authorities in the city expect to deal a major blow to fraudsters.
The city is even going to use blockchain technology for its upcoming elections. On September 8, the city plans to test the use of remote internet-based voting for the City’s Duma in three constituencies. The process will be anonymous according to city officials. Voters will be allowed to vote via a personal dashboard on the city’s election site. An electronic and anonymous ballot is going to be stored on the blockchain. There will not be any association between the voter and the vote they cast, which is important for any election. The city’s information department will be in charge of this system.
During tests in July, the city concluded that encryption was not sufficient. AS a result, it has said that it will upgrade the system to make it even more secure. Additionally, the city has already placed the source code for the election system on GitHub. This will ensure members of the public can scrutinize and point out any weaknesses.
In September 2017, the city was considering creating a crypto coin for city residents. The project is proceeding quite well according to an official of the city. The Coin has been dubbed Moscowcoin. Russian has been quite welcoming of crypto. In fact, the state plans to launch Cyptoruble, which will be a national crypto coin. It is reported that the Central Bank of Russia and the finance ministry are working to create a bill which will act as the legal framework for this crypto coin. Recently, China also announced that it would soon launch a national crypto coin.