Ukraine’s blockchain community is active these days: the country hosts several major conferences on the subject; several high-flying blockchain projects kick off; a full-fledged university course on dApp development is now underway. Adding to that, local authorities are mostly positive about cryptotechnologies.
Auction 3.0 has become the key local project to pave the way for other initiatives: it is the world’s first decentralized auction system for privatization of public property. First presented in early 2016 at BIP001 conference in Lviv by the Innovation and Development Foundation (IDF) representatives Lasha Antadze and David Kiziria, the project’s architecture allows for significant mitigation of corruption risks by attaining transparency of bidding, removal of red-tape mediation, and attracting as much bidders as possible.
Since then, the initiative has garnered wide support. February this year, Distributed Lab developers have implemented and