Ethereum has made its method the areas of farming with the federal government of Moscow working to devise a system that will allocate trading areas to farmers for weekend break market.
Andrey Borodyonkov, the blockchain product manager for Moscow City Hall stated that with the application of Ethereum, a thorough document of applications will be developed that will have updates for both the ones who will be obtaining an area and for the ones who will not. This will systematize the means applications are accessed presently, thereby placing an end to the grievances of the farmers.
Borodyonkov informed Coin Workdesk: “Blockchain is an extra guarantee that the inbound applications continue to be unalterable as well as makes the audit of the application history feasible.”
Ethereum offering openness
The marketplace period that began on 20th April and will proceed till 25th November, has currently seen a surge in appeal among the farmers, as farmers from Russia, Armenia, Belarus, Kazakhstan and also Kyrgyzstan are coming for trading. Farmers are expected to submit their applications for grabbing an area for trading amongst the available 15,000 spots. As reported by Coin Desk, around 20,000 applications are anticipated ahead via every year.
The federal government of Moscow stated: “The whole dataset is openly viewable, transparent as well as available for download. In that case, submission time can be verified, while the application could not be erased or changed by someone once it is sent.”
Andrey Belozerov, Approach and also Innovations Consultant to CIO of Moscow City Government is hopeful regarding the Ethereum based system and believes that it will certainly help farmers to accessibility information much more openly, hence boosting transparency. “Our team believe that farmers must have a clear system to see why their application is declined or authorized,” he claimed.
” Blockchain is to make sure that the process is totally clear as well as no person could change an application. We wish that blockchain will offer complete transparency for every person.”
SEE ALSO: Cryptocurrency firms face probe for launching unregistered ICO in Colorado
A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Ontologywiki.