Maxim Oreshkin: in Moscow on the blockchain will be 5000 real estate transactions in a month

Monthly using the technology of the blockchain in Moscow can be more than five thousand transactions on real estate registration, said Minister of economic development of Russia Maxim Oreshkin on total Board of Federal registration service.

«One of the most interesting projects is the implementation of the technology of the blockchain in the system of registration of rights on real estate. Rosreestr is actively working to launch a pilot project for registration of certain types of transactions on the territory of Moscow using the logic of smart contracts in a fully automated mode, without human intervention», he said.

Thanks to the blockchain verification of documents for state registration, including on the subject of the possibility or impossibility of registration, will also be carried out in automatic mode.

«According to our estimates, in the first stage, this can be about five thousand transactions each month. I note that nowhere in the world is fully working system of registration of rights on the blockchain. It’s great that we are leaders,» the Minister said.

Now Rosreestr testing the blockchain in the Leningrad region in the framework of the registration of contracts of share participation in construction, and in Moscow – in the framework of the registration of real estate transactions.

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