The municipal council of the city in Kiev region is going to approve the project presented by the city mayor Gennady Dikiy. It provides for the regular use of the blockchain platform eAuction 3.0 for the leasing of state and municipal property.

On 25 August 2016, the project was registered in the City Council.

A test tender for lend-lease of municipal property using eAuction 3.0 has been held in Bila Tserkva on 5 August. Prior to the tender, the city administration presented the new auction platform to the public. A management expert explained how to make bids in the blockchain tender. The lot was the non-residential property of 50 sq. m. During the auction, which took about 40 minutes, the price increased more than twofold.

The eAuction 3.0 decentralised blockchain platform was developed by the Innovation and Development Foundation in partnership with Kharkiv blockchain startup Distributed Lab, Unitybars IT developer, Ukrainian banks Oschadbank and Privatbank and the international corporation Microsoft. American company EMK joined the project at the stage of creating a user interface for the trading platforms.

The first eAuction 3.0 test launch was held on 7 July in the Kherson region, also modelling a tender for a municipal property lend-lease. According to the Facebook page of the project, in September, eAuction may be used for the first real tender of state-owned land.

The use of the decentralised electronic platform is expected to help prevent corruption and reduce government expenses.

Alexey Tereshchenko