Georgia eyes onchain property rights and tokenization with Hedera partnership
Georgia explores putting its public registry on the Hedera blockchain and tokenizing real estate through blockchain-integrated government infrastructure.
Georgia’s Ministry of Justice has signed a memorandum of understanding (MoU) with public blockchain network Hedera as it weighs moving the country’s land registry on-chain and tokenizing real estate.
According to a Monday announcement from the Ministry of Justice of Georgia, the government signed an MoU with Hedera, a public blockchain with permissioned node operation. At a meeting between the Minister of Justice of Georgia, Paata Salia, and a representative of Hedera, the two parties discussed the potential integration of blockchain technology into public infrastructure.
Georgian officials said they are considering transferring data from the National Agency of Public Registry to the blockchain network, hoping this “would ensure even greater protection of property rights, transparency and reliability of processes.”