Ukraine has a new President, comedian Vladimir Zelenskiy. Mikhail Fyodorov, the man behind Vladimir’s success, admitted that the new government is interested in the application of Blockchain technology for matters of the state.

In an interview with local TV channel Gromadskiy, Fyodorov emphasized the government’s goal to create a “state on your smartphone.” He further added, “During this time we’ve developed a growth conceptualization for the digital state with experts. Specifically, starting with the digitization of a single test project, culminating in the deployment of Blockchain for voting procedures. From small projects to big ones.”

However, the concept of cryptocurrency is not new to Ukraine. The technology is quite well known in the country.

According to news reports, authorities in the capital Kiev are open to the idea of Bitcoin payments for public transport.

An open policy on the technology would hold clear benefits in Ukraine. As the semi-frozen conflict with Russia continues, Bitcoin has become a symbol of resistance across the border.

Fyodorov plans to use blockchain technology to remove the opacity of state organs.

Ukraine is already home to various crypto industry adoption pushes. The previous government had pledged in October last year, to develop full legalization frameworks for Cryptocurrency by 2021.

Crypto/Blockchain is also becoming a hot topic in the upcoming US Presidential elections, Andrew Yang a democratic candidate is pushing for regulatory clarity in the Crypto space. He published a policy page dedicated to Cryptocurrencies on his website and is also accepting donations in Crypto.

Image Source: Flickr

Ukraine’s new President Vladimir Zelenskiy in complete support of Blockchain Technology

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