Russia's Government to Test Blockchain Land Registry System

The Russian Federation is launching a blockchain land-registration pilot project in 2018, according to the Ministry of Economic Development.

AccessTimeIconOct 20, 2017 at 10:00 a.m. UTC
Updated Sep 13, 2021 at 7:03 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The Russian government is to begin testing a blockchain-based land registry system early next year.

According to a draft resolution published by the Ministry of Economic Development, the Federal Service for State Registration, Cadastre and Cartography (Rosreetr), the Federal Tax Service and the Government of Moscow will assess the trial through July 1, 2018. The ministry will submit and release a final report on the trial by Sept. 1.

According to the translated document:

"The use of blockchain will be aimed at increasing the availability of information on the property registry, guarantees of protection of property rights, as well as the level of citizens' trust in the sphere of turnover of real estate."

The pilot project comes seven months after Prime Minister Dmitry Medvedev asked two government ministries to begin looking into possible public-sector applications of blockchain technology.

He said at the time: "We need to analyze in general, as far as it is applicable in our governance system – and public administration, and in the economy … I instructed the relevant ministries – the Ministry of Communications and the Ministry of Economic Development – to consider the possibility of using these technologies in preparing the program 'Digital Economy'.”

In a press release, Economic Development Minister Maxim Oreshkin said the high cost of operating Rosreetr made it a top choice for applying new technologies like blockchain.

Russia's announcement follows a plethora of other national and regional governments announcing their own land-registration projects. Sweden, Ukraine, and the United Kingdom have all launched trials, along with two Brazilian municipalities and the Indian state of Andhra Pradesh.

Russian coat of arms image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.