Azerbaijan Targets Utilities, Justice System for Blockchain, Smart Contracts Use

Azerbaijan Targets Utilities, Justice System for Blockchain, Smart Contracts Use

Blockchain News
November 12, 2018 by XNews Editor 5
116
Azerbaijan is aiming to implement blockchain and smart contracts in the country’s legal system and housing sector, Central Asian-aimed Trend News Agency.
Azerbaijan Targets Utilities, Justice System for Blockchain, Smart Contracts Use

Azerbaijan is aiming to implement blockchain and smart contracts in the country’s legal system and housing sector, Central Asian-aimed Trend News Agency published Nov. 2.

Articulating to the publication, chairman of the Azerbaijani Internet Forum Osman Gunduz stated that plans for smart contract introduction in these areas by the country’s justice ministry had “attracted attention” at a meeting conducted Oct. 30.

“It was announced that in the future, the smart contracts will be introduced in the field of public utilities (water, gas and electricity supply),” he mentioned, further adding:

“This refers to the switch-over of existing contracts of citizens for utility services to smart contracts, which will ensure transparency and will allow suppressing the cases of falsification in this area. The citizens themselves will be able to independently control all these processes.”

Gunduz’s remarks continue a growing tendency to preference blockchain as a cradle of innovation in Azerbaijan.

As Cointelegraph published last month, the Trend News Agency stated that an intensive five-year economic plan consisting the county’s central bank and IBM would seek to position the technology as part of a “digital transformation.”

For the justice ministry, meanwhile, the courts system creates a natural target for development, with Gunduz stating that development had been suboptimal thus far.

“This refers to ‘electronic courts.’ So far, the work in this direction is very weak,” he endured, adding:

“According to my estimates, even more support is needed here.”


Join the Evolution and get your Bitex Card Now!
https://bitexpay.cards/

ICO is live and we are growing bigger
https://ico.bitex.global/

Related posts

Add a comment

Translate »