Russia Eyes Ethereum For Commerce Transparency

← More Cryptocurrency News

Blockchain NewsAround the WorldAltcoin

Russia Eyes Ethereum For Commerce Transparency

By Ryan Warner
August 29th, 2018

The Russian government in Moscow is looking to Ethereum to as part of a system for allocating trading spots during weekend farmers markets.

Farmers compete for a limited number of commercial plots and the system will record the submitted applications. The markets season runs from April to November and has approximately 15,000 commercial plots available.

With 20,000 applicants applying each year Ethereum will be a way to create an immutable record and updates for those approved or denied.

The government of Moscow released some details in a statement:

"The entire dataset is publicly viewable, transparent and available for download. In that case, submission time can be confirmed, while the application cannot be deleted or altered by someone once it is submitted."