Blockchain Ecosystem Arises In Azerbaijan

Chairman of Azerbaijan’s Customs Committee revealed plans to implement blockchain technology to build an online-accessible cargo transportation database. Earlier in May, a high-ranking official for the country’s Central Bank told of the forthcoming implementation of a “blockchain system and artificial intelligence in the banking sector.”

In October 2018, Farid Osmanov, CBA’s chief information officer, announced the five-year program for the digital transformation of the economy, including a partnership with IBM on a distributed ledger system to be used in the banking sector.

In November 2018, Osman Gunduz, chairman of the Azerbaijani Internet Forum, said that a few other state agencies were on the course to implement distributed ledger-based solutions in areas such as housing, utilities and even the court system to facilitate record-keeping and notary services.

The blockchain system was to be built in collaboration with IBM on Hyperledger Fabric, with Lenovo Professional Services involved in the project on the hardware side.

According to Nijat Asadli, manager of Azerbaijan’s Digital Trade Hub (DTH), there are three main areas in which the government seeks to boost innovation by deploying digital infrastructure: the DTH itself, the e-Government portal and central bank operations. The DTH is an electronic public-private partnership platform designed to facilitate the development of e-commerce in Azerbaijan and the broader region. It connects a number of governmental agencies, banks and private companies to provide a range of domestic, international and electronic services for businesses and private citizens alike.

One of the solutions available on the DTH platform is called the Single Export Application. It allows local producers to obtain all the documentation they need to hit the international markets — including licenses, permissions, customs declarations and even to apply for a government export subsidy.

The e-Government portal, integrated with all the user-facing government organizations, provides online access to more than 400 additional governmental services.

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