The European Union has allocated a grant of €10 million to the Ministry of Justice of the Republic of Uzbekistan. The funds are meant to be spent on modernizing the country’s public services system, including the implementation of the blockchain technology, as the official press release on the matter reads.
The grant funds will be earmarked for purchasing the equipment necessary for the purpose, as well as training qualified specialists in the field of blockchain. The project presupposes the creation of a specialized public services portal alongside with an integrated database designed for online information exchange via mobile apps.
The project is expected to last for five years. It will be implemented in five Uzbekistani regions.
Uzbekistan has been actively implementing blockchain solutions in the course of this year. Efforts in the field are directed by the country’s president Shavkat Mirziyoyev, who signed a decree “On the measures for development of digital economy in the Republic of Uzbekistan” in July 2018. The document paved the way for the use of blockchain technologies in all sectors of the country’s economy and public administering system, as well as legalization of cryptocurrencies and crypto mining.
September 2018 saw the legalization of cryptocurrency exchanges and trading in the country. Earlier this month, Mirziyoyev signed a decree to create the international Trade and Industry Arbitration Center (TIAC) for settling disputes related to investments, intellectual property and blockchain technology.