Russian government announces first Blockchain project

As the blockchain craze continues in Russia, the government has announced the first project based on this technology – converting the land and property registry of all Moscow property to a blockchain.

The pilot blockchain project will run from January to July 2018, focusing on verifying information from the property registry, which is normally run by the state agency Rosreestr, the economic developing ministry announced on its website on Oct. 18.

By Aug.1, Rosreestr, the federal tax service, and Moscow’s government are expected to evaluate the outcome of the pilot project and report to the federal government.