Microventure fund opens in Ukraine

Source : 112 Ukraine

Microsoft Ukraine and BlackBox Capital start to invest implementation of innovative projects
22:43, 2 June 2016

The test version of the has been launched. According to Microsoft Ukraine’s press release, they have officially presented the project and signed the Memorandum on June 2.

The Fund is going to support the implementation of short-term innovative projects lasting from 3 to 5 months. The sides will make deals using the technology of smart contract list on a block chain basis.

The use of smart contracts will allow cutting transaction costs, as both sides won't have to sign the contracts, open the accounts and waste time on the documents flow. The entire process will run openly and online.

Related: Mogherini, Hahn support judicial reform in Ukraine

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