SETAM, the state-owned Agency for Investigation and Asset Management, completed 23,202 auctions via blockchain technology generating $259 million, reports Ukrinform.

Wednesday, December 4, 2019
SETAM, the state-owned Agency for Investigation and Asset Management, completed 23,202 auctions via blockchain technology generating $259 million, reports Ukrinform.

SETAM, the state-owned Agency for Investigation and Asset Management, completed 23,202 auctions via blockchain technology generating $259 million, reports Ukrinform. “Ukraine is moving towards blockchain, and we are already actively using this modern technology, earning billions of hryvnias. After the introduction of blockchain, average auction prices increased from 12% to 18%,” said Victor Vyshnev, CEO of SEAM. Blockchain technology was developed by the State e-Government Agency, BitFury International and the Eastern Europe Fund with the support of the Ministry of Justice.

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