What is BER?
What is BER?
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BER is a pioneering project in Ukraine aiming to revolutionize the real estate registry system through blockchain technology
Objective is to make property transactions more efficient, secure, and cost-effective.
Title tokens
Utilizes title tokens to represent property rights
Enables peer-to-peer transactions without intermediary
Blockchain as the register
Blockchain serves as both the medium for transferring ownership and the registry – transactions on blockchain do not need any further registration elsewhere
Smart Laws
Introduces Smart Laws for regulation: standards and protocols.
Enables automated transaction compliance check, validation and registration
Bundle of blockchains
Bundle will include reliable and secure public blockchain networks
Users freely choose in the bundle which blockchain to use
Enables fair market competition of blockchain technologies
Core reform components
Digitalization of economy
Withstand cyber war
Full transparency
Current Registry System in Ukraine
Entangled
Two separate electronic registries: Land and Real Estate
Archaic
Despite having an official framework of electronic signatures in Ukraine, notaries still require paper agreements
Goals of the reform
De-bureaucratize
No registrars & no notaries: Reduce up to 90% of human component in registry and titling services
Digitized ownership
No papers involved
Title tokens as property right records
Smart contracts
Cost-efficiency
Transaction cost now: $200.00 – $2.000
In BER: $100.00
Speed
Transaction speed now: 1 month
In BER: 2 hours
Transparency
Reducing manual work and discreet authority of public servants.
Innovation
Introduce smart contracts, digital payment solutions, digital identity (SSI), DeFi, DAO
Proposed structure of titling and registry services
Roadmap
Roadmap
Initial Phase:
☑ Demo app
Drafting bills
Regulatory framework:
Pass legislation
Convene government commission
Hold tender
Development:
Develop standards and protocols,
Select and bundle blockchains
Build BER
Commercial operation:
BER will be operated as a commercial entity on a 30-50 year concession granted by the Government.
Team and Partners
Team and Partners
Oleksii Konashevych, PhD
CEO
Konstantin Yarmolenko
GR/CFO
Oleksandr Iefremov
CTO
Mykhailo Tiutin
Lead Blockchain Architect
Virtual Assets of Ukraine, NGO
responsible organisation for facilitating BER Reform in Ukraine
Parliamentary Group Blockchain4Ukraine
Coordinated by Oleksii Zhmerenetskyi, MP
Project partner responsible for introducing new laws in the parliament
Demo app
Demo app
Blockchains
Polygon
Internet Computer
DFINTIY Foundation Partnership
The project has received microgrant support from the DFINITY Foundation.
KITSOFT Technical Partner
Kitsoft became BER’s technical partner that developed this demo app
LEARN MORE ABOUT
LEARN MORE ABOUT
Leading crypto association in Ukraine
Leading crypto association in Ukraine
Technology developer of blockchain land systems
Technology developer of blockchain land systems
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