The Eastern European Republic, that is, not the US State.

The tendrils of blockchain seem to be getting everywhere these days, not just in financial transactions.

The former Soviet Union member state has signed a Memorandum of Understanding with blockchain tech co Bitfury to bring blockchain authenticated land titling to the republic by this summer, after a pilot programme that commence in 2016.

The system will publish hashes direct to Bitcoin to benefit from the cryptocurrency’s “unmatched security”.

Bitfury’s CEO Valery Vavilov said;

“With this technology, where there is a will, there is a way. And thanks to the forward-looking Georgian government, there is a will. The possibilities for trusted solutions are limitless, and the land-titling project is the first of many creative solutions projects we are developing in concert with the Republic of Georgia and the Blockchain Trust Accelerator to better serve its citizens.”

 

Leave a Reply