The Ministry of Justice of Georgia signed a memorandum of understanding with the public Block- the Hedera network, within which officials are studying the possibility of transferring the country’s land registry to Block and real estate tokenization.
Justice Minister Paata Saliya has already met with a Hedera representative to discuss the project. Potential collaboration on technology integration was also discussed. Block into the state infrastructure.
Georgian authorities have stated that the transfer of data from the National Agency of Public Registry to Block could «ensure even greater protection of property rights, transparency, and process reliability.» Real estate tokenization is also being considered.
Technology Block Bitcoin has already been used in Georgia for government transactions, including a 2017 agreement to register over 100,000 real estate transactions on the Bitcoin blockchain. However, not all proposed initiatives have been approved by the ruling Georgian Dream party.
In 2024, representatives of the Central Bank met with the team Ripple to discuss the digitalization of the economy, as well as the development of our own digital currency.