In accordance with Coinotag, Georgia has signed a memorandum of understanding (MoU) with Hedera to explore integrating its public registry onto the blockchain and tokenizing real estate. The MoU, signed by the Ministry of Justice, aims to enhance property rights protection, transparency, and reliability through blockchain technology. Discussions include the potential transfer of the National Agency of Public Registry data to Hedera’s network and the tokenization of real estate, building on Georgia’s history of blockchain use since 2017, when over 100,000 property records were registered on the Bitcoin blockchain. The agreement is nonbinding, with the next step being the formation of joint working groups to advance the initiatives.
Georgia Considers Hedera Blockchain for Public Registry and Real Estate Tokenization
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