Part 5/9:
The question arises: why has Ukraine turned to blockchain technology in its time of crisis? One reason is the security and transparency blockchain offers, which can help mitigate fraud—a critical concern during the turmoil the country faces. An immutable public record of financial transactions translates to peace of mind for both the Ukrainian government and its citizens.
Moreover, as noted by Chainalysis, Ukraine ranks sixth globally in cryptocurrency adoption, fueled by economic instability and military aggression. Citizens view crypto assets as a method of protecting their savings, making the move towards a digital currency not just beneficial, but necessary.