Azerbaijan is planning to use block chains and smart contracts in the national legal system and housing sector.
Azerbaijan Internet Forum Chairman of the Azerbaijani Internet Forum (AMF), Osman Gunduz, said in a meeting held on October 30 (local time) that the Ministry of Justice had a plan to introduce smart plans in this field. . In the future, it aims to introduce smart contracts in public utilities such as water, gas, and electricity.
He said that it would translate existing contracts from public services into smart contracts, which would ensure transparency, prevent tampering, and allow citizens to self-manage.
According to reports, the Central Bank of Azerbaijan and IBM will participate in a five-year economic plan to apply block-chain technology as part of the digital revolution. For more information, please click here .