Russia will launch a six-month pilot scheme using blockchain for the country's Land Registry next January, according to the Ministry of Economic Development and Trade. The test aims to increase the amounts of data available on the property registry, gauge the levels of public trust in the agency, and examine property rights protection guarantees. The current Land Registry system is slow and not always effective, according to Максим Орешкин, minister of economic development, making it ideal as a testbed for blockchain technology.
Russia will launch a six-month pilot scheme using blockchain for the country's Land Registry next January, according to the Ministry of Economic Development and Trade. The test aims to increase the amounts of data available on the property registry, gauge the levels of public trust in the agency, and examine property rights protection guarantees. The current Land Registry system is slow and not always effective, according to Maxim Oreshkin, minister of economic development, making it ideal as a testbed for blockchain technology.