Ethereum makes breakthrough in agriculture for the farmers in Moscow 21932
News
Madhurima Roy
Aug 29, 2018 at 1:45 PM

Ethereum has made its way in the fields of agriculture with the government of Moscow working to devise a system that will allocate trading spots to farmers for weekend market.

Andrey Borodyonkov, the blockchain product manager for Moscow City Hall said  that with the implementation of Ethereum, a comprehensive record of applications will be created that will have updates for both the ones who will be getting a spot and for the ones who won’t. This will systematize the way applications are accessed currently, thereby putting an end to the grievances of the farmers.

Borodyonkov told Coin Desk: "Blockchain is an additional guarantee that the incoming applications remain immutable as well as makes the audit of the application history possible."

Ethereum offering transparency

The market season that started on 20th April and will continue till 25th November, has already seen a surge in popularity among the farmers, as farmers from Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan are coming for trading. Farmers are supposed to submit their applications for grabbing a space for trading among the available 2,736 spots. As reported by Coin Desk, around 20,000 applications are expected to come through every year.

The government of Moscow said: "The entire dataset is publicly viewable, transparent and available for download. In that case, submission time can be confirmed, while the application cannot be deleted or altered by someone once it is submitted."

Andrey Belozerov, Strategy and Innovations Advisor to CIO of Moscow City Government is hopeful about the Ethereum based system and believes that it will help farmers to access information more publicly, thus boosting transparency. "We believe that farmers should have a transparent system to see why their application is declined or approved," he said.

"Blockchain is to make sure that the process is fully transparent and no one can alter an application. We hope that blockchain will provide full transparency for everyone."

 

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