The aim of the project is to build up a transparent, decentralised, blockchain e-Auction system for state property privatisation and lease, for minimising the existing corruption and mismanagement risks, reduce the state budget expenditure and give barrier less access for participation in the process.
For the core, Stellar blockchain was forked and redesigned to support the Proof of stake consensus, using the bank ledger for deposit transfers. The “nodes” are the private trading platforms. The code is open source, all docs, API sync everything available.
More info: www.eauction.io