In a recent news release, Azerbaijan has reportedly shown its interest in engaging blockchain in its utilities and judicial system to improve the efficiency of the fields. The news surfaced when Osman Gunduz, the Chairman of the Azerbaijani Internet Forum(AMF), announced that the country is interested to improve its working efficiency in utilities and judicial sectors using blockchain.

According to the report, the technology will be used in sectors such as gas, water and electricity supply and many more. This will allow the public to have total control over the utilities and to reduce the chances of fraudulent activities by providing transparency.

Interestingly, the AMF has also planned to notarize the documents and keep it in safe inside several blocks using blockchain. This will provide a tamper-free and immutable environment for the data uploaded, reducing the instances of an unwanted data breach or identity theft. This move by the team has been titled as ’Mobile Notary Office’. It will aim for the safekeeping of all notarized documents in a single place.

The news also reported that the idea of the implementation of blockchain came from the discussions resulting from the meeting arranged on October 30, to discuss the various fields where Blockchain Technology can be used.

Apart from this, The Central Bank of Azerbaijan in support with the multinational firm, IBM, is looking forward to developing a platform with the cooperation of various commercial banks and government agencies in order to collect, analyze and store customer information with DLT Technology.