BitFury Group To Develop Blockchain-based Land Titling Project in Georgia
BitFury Group has partnered with the Georgian National Agency of Public Registry to bring a blockchain land titling project to fruition. Additionally, with the help of Hernando de Soto, the collaborative project wants to bring more transparency and proper record-keeping to this sector. Property rights have always been a topic of substantial debate in the world, particularly when emerging and struggling markets are concerned. Two of the main concerns people have when it comes to land titling is transparency and accountability, neither of which are present in the current systems used for....
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In April 2016, the Republic of Georgia’s National Agency of Public Registry (NAPR), renowned Peruvian economist Hernando De Soto, and Bitcoin company Bitfury announced a partnership to design and pilot a blockchain land-titling project. Now, Bitfury and NAPR have signed a new Memorandum of Understanding (MOU) to expand the blockchain solutions developed by the project to other government departments. “There is a great deal of unrest around the world due to broken and friction-filled systems, and governments, institutions and businesses are looking for better solutions that can serve the....
The Republic of Georgia’s National Agency of Public Registry, renowned Peruvian economist Hernando De Soto and Bitcoin company BitFury announced a partnership to design and pilot a blockchain land titling project, Forbes reports. The announcement was accompanied by a signing ceremony at the Georgian Ministry of Justice. “By building a blockchain-based property registry and taking full advantage of the security provided by the blockchain technology, the Republic of Georgia can show the world that we are a modern, transparent and corruption-free country that can lead the world in changing....
Bitcoin mining company BitFury has inked a deal with the Georgian government to develop a system for registering land titles using the blockchain. BitFury will help develop the platform for the National Agency of Public Registry, an office of the Georgian Ministry of Justice. Economist Hernando de Soto will assist in the development of the platform. Today de Soto is set to give a lecture on related issues during an event in Georgia's capital, Tbilisi. Papuna Ugrekhelidze, chairman of the NAPR, said in a statement that the project can boost title transparency and reduce the prevalence of....
Virgin Group founder and billionaire entrepreneur Sir Richard Branson is a huge supporter of blockchain technology. While talking to the press on October 3, Branson said the tech could bring an “economic revolution” to many nations worldwide. Sir Richard Branson Praises Blockchain Land Registry. Bitcoin and blockchain technology is a keen interest for....
The Republic of Georgia has formally teamed with Bitfury Group, a provider of blockchain infrastructure, to use the bitcoin blockchain to validate property-related transfers, according to Forbes. Bitfury Group first partnered with the Georgia government last April to register land titles using a private blockchain and to verify them using the public bitcoin blockchain. This marked the first time a national government used the bitcoin blockchain to validate and secure government actions. Parties Expand Agreement. The Georgian National Agency of Public Registry (NAPR) and Bitfury have agreed....