MOSCOW, 23 Mar — RIA Estate. Rosreestr wants to spend two experiments on the introduction of blockchain technology: one involves the creation of a blockchain-registry of real property rights as part of the egrn, the second is the automation of legal examination of documents on real estate transactions with smart contracts and the results are compared with the decisions of the state Registrar, wrote in a Friday newspaper “Kommersant”.

“Complete both projects by mid-December”, — notes the edition.

As the plans of the Federal registration service, the launch of the first experiment to be held may 14. In parallel with the data recording in the unified state register of real estate (egrn) a copy of the selected data on the property if you change the rights on it will be loaded into the registry based on the Ethereum blockchain. This will be a constant accumulation of the history of the ownership of the object, writes the edition.

In the second stage of the pilot project will be stress-testing of the registry — for this it will make to 300 million additional records. In this case, the holders of blockchain nodes certifying transactions and accumulating data that will serve the Ministry of economy, FNS and the government of Moscow, and consultants, Aquarius will be the FSO, the FSB and FSTEC. At the end of the experiment is to evaluate the permanence of the data on blockchain registry, its performance and needs for computing power, as well as the need for additional data protection, the article says.

In the second “pilot” aimed at “leveling the human factor”, the results of the state Registrar, conducting the examination of documents for real estate transactions, will be compared with the conclusions of the system based on smart contracts and “other technologies of automated decision-making”. Automated logic smart contracts built on the rules of work of the Registrar to decide on registration of the transaction in a distributed network based on the analysis of trusted external data and the data of Rosreestr. As implementation choices are considered a blockchain platform Exonum, Corda or Hyperledger (the most popular on the market). The experiment will be launched on 1 July, the newspaper said.

According to the results of experiments, which will conclude by 14 December 2018, Rosreestr will assess the feasibility of implementing technology and making the necessary changes to the legislation. In a press-service of the Ministry confirmed the publication that the bill provides for the registration of certain transactions on the territory of Moscow using the logic of smart contracts in a fully automated mode.

The technology of the blockchain (the blockchain) is a system organization of distributed databases. According to this technology, in particular, works database, which stores information about the transactions of bitcoin. According to some experts, the technology allows to significantly optimize the costs of business and the state. In particular, it helps to make payments online, quickly confirm the relevance of the data on the client or the transaction, record the transaction and conduct their roster.