PANews reported on December 3rd, citing Cointelegraph, that the Georgian Ministry of Justice has signed a Memorandum of Understanding (MoU) with the public blockchain network Hedera, and is currently considering putting the country's land registration system on the blockchain and tokenizing real estate. During a meeting between Georgian Justice Minister Paata Salia and Hedera representatives, the two sides discussed the potential for integrating blockchain technology into public infrastructure. Georgian officials stated they are considering migrating data from the National Public Registry to a blockchain network, hoping this will "further ensure property rights protection and improve the transparency and reliability of the process." Furthermore, both sides are considering tokenizing real estate, a move quite similar to Real-World Asset (RWA) tokenization projects. Currently, the agreement is only a non-binding memorandum of understanding. According to the announcement, the next step will be the establishment of a joint working group, including experts from the Ministry of Justice and the National Public Registry.PANews reported on December 3rd, citing Cointelegraph, that the Georgian Ministry of Justice has signed a Memorandum of Understanding (MoU) with the public blockchain network Hedera, and is currently considering putting the country's land registration system on the blockchain and tokenizing real estate. During a meeting between Georgian Justice Minister Paata Salia and Hedera representatives, the two sides discussed the potential for integrating blockchain technology into public infrastructure. Georgian officials stated they are considering migrating data from the National Public Registry to a blockchain network, hoping this will "further ensure property rights protection and improve the transparency and reliability of the process." Furthermore, both sides are considering tokenizing real estate, a move quite similar to Real-World Asset (RWA) tokenization projects. Currently, the agreement is only a non-binding memorandum of understanding. According to the announcement, the next step will be the establishment of a joint working group, including experts from the Ministry of Justice and the National Public Registry.
Georgia is seeking to partner with Hedera to advance on-chain ownership and tokenization.
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PANews reported on December 3rd, citing Cointelegraph, that the Georgian Ministry of Justice has signed a Memorandum of Understanding (MoU) with the public blockchain network Hedera, and is currently considering putting the country's land registration system on the blockchain and tokenizing real estate. During a meeting between Georgian Justice Minister Paata Salia and Hedera representatives, the two sides discussed the potential for integrating blockchain technology into public infrastructure.
Georgian officials stated they are considering migrating data from the National Public Registry to a blockchain network, hoping this will "further ensure property rights protection and improve the transparency and reliability of the process." Furthermore, both sides are considering tokenizing real estate, a move quite similar to Real-World Asset (RWA) tokenization projects. Currently, the agreement is only a non-binding memorandum of understanding. According to the announcement, the next step will be the establishment of a joint working group, including experts from the Ministry of Justice and the National Public Registry.
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