Georgia and Hedera Launch Joint Blockchain Project

Special attention is being paid to migrating data from the National Agency of Public Registry (NAPR) to blockchain. The ministry notes that this could significantly improve process transparency, strengthen property rights protection, and increase public trust in government services.

Furthermore, the parties plan to explore the possibility of tokenizing real estate, which will open up new ways to manage property rights. The collaboration will also focus on developing smart contracts, which are already used in NAPR, allowing for the automation of many legal procedures. Joint working groups will be created with specialists from both organizations to implement these initiatives.

This is not Georgia's first experience with blockchain. In 2016, NAPR conducted a pilot project to implement technology in the land registry, using a private registry linked to the Bitcoin network. This system allowed citizens to independently verify the authenticity of property documents.

Earlier, in June 2024, the Central Bank of Georgia announced plans to engage Ripple Labs to digitalize the country's economy, which also reflects the government's growing interest in implementing advanced financial technologies.

Experts believe that collaboration with Hedera could be an important step in modernizing Georgia's public services and opens opportunities for the development of the digital economy. This new approach to data management and process automation has the potential to increase citizen trust in government systems and ensure transparency in the real estate sector.

Therefore, the signing of the memorandum with Hedera is part of a broader strategy to integrate blockchain technologies into public administration. The results of this joint work could serve as a model for other countries in the region, demonstrating how distributed ledgers and smart contracts can improve the performance of government agencies and enhance the protection of citizens' rights.