The new system introduced would record applications submitted by farmers. Around 2,736 trading spots areup for grabs, with the market season stretching between 20th Apr. and 25th Nov.including farmers from Russia, Armenia, Belarus,KazakhandKyrgyzstan.
As expected,there is apushto urgea spot, with thousands of applicants submitting their bidsannually.The thought to use ethereum asthe wayto createchangelessrecord of applications, with updatescreatedforthose either approved or denied access.
As per the blockchain product manager ‘Andrey Borodyonkov’:
“Blockchain isa furtherguarantee that the incoming applicationsstaychangelessalsoas makes the audit ofthe applicantshistoryattainable.”
Moscow’s government furtherelaboratingthis verystatement mentioned:
“The entire dataset isin publicseeable,clearandofferedfortransfer. The applicationscan’t bedeleted or altered byanybodyoncethey aresubmitted.”
However, as per the current part ofthe matter several farmersare sadwiththe existingsystem for reviewing applications.
The strategy and innovationsadviser ‘Andrey Belozerov’in Moscow expressed hope that this new systemwillfacilitateand alleviatea number ofnewconsiderationsbycreatingadditional data accessible to all.
Mentioning further he said:
“We believe that farmersought tohave aclearsystemto visualizewhy their application are declined or approved. Employing Blockchain would form apositive transparent approach that no one can alter.”