Georgia is taking a fresh step toward overhauling its public-data infrastructure, exploring whether blockchain technology can anchor the country’s land registry and real-estate systems.
Key Takeaways:
- Georgia signed an MoU with Hedera to explore putting land records and real estate systems onchain.
- The government is studying both blockchain-based registries and potential real-estate tokenization.
- This continues Georgia’s long history of testing blockchain in public administration, including past work with Bitcoin and Ripple.
The Ministry of Justice has begun working with Hedera under a newly signed memorandum of understanding, signaling the start of a wider investigation into how the network could support state-level digital transformation.
Instead of committing to a specific rollout, the agreement gives the ministry space to test whether Hedera’s architecture can support national property records, a system that forms the backbone of Georgia’s legal and economic structure. Officials say they want to understand how onchain data storage could strengthen the integrity and traceability of ownership documents.
Tokenized Real Estate Moves Into the Discussion
One of the ideas now being examined is a future where property titles become tokenized assets. That shift would open the door to new methods of transferring ownership, securing titles, and verifying records without depending solely on centralized government servers. The ministry plans to assemble mixed teams of public-sector experts and Hedera specialists to map out the technical and legal steps required for such a transformation.
A Long Line of Blockchain Experiments
For Georgia, this initiative is the latest entry in a much longer timeline. The country was experimenting with blockchain-based property verification years before other governments considered similar projects. In 2017, it connected parts of its registry to the Bitcoin blockchain, creating cryptographic proofs for more than 100,000 property entries and establishing itself as an early adopter of decentralized technology for public administration.
Various political groups and government-backed organizations have since pushed blockchain pilots in areas such as administration, recordkeeping, and transparency. While not every initiative has secured long-term adoption, the country’s appetite for experimenting with decentralized infrastructure has remained constant.
Broader Web3 Engagement From Georgian Institutions
The Ministry of Justice is not the only agency engaging with blockchain firms. Georgia’s central bank has held multiple discussions with Ripple executives about broad digitalization efforts, building on its earlier decision to select Ripple Labs as its technical partner for its CBDC research. International firms such as Tether have also entered partnerships to explore peer-to-peer payment technologies within the country.
Hedera’s Potential Role
If the evaluation phase concludes that Hedera meets Georgia’s needs, the country could move toward one of the most advanced blockchain-backed land registry systems in the world. The model could eventually support tokenized real estate markets, automated verification processes, and tamper-resistant public databases.
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Source: https://coindoo.com/georgia-explores-onchain-land-registry-with-hedera/