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Wednesday Dec 3 2025 12:50
2 min
Georgia’s Ministry of Justice has formalized its interest in blockchain technology by signing a memorandum of understanding (MoU) with Hedera, a public blockchain network. The agreement centers on evaluating the feasibility of migrating the national land registry onto the blockchain and exploring the tokenization of real estate assets, aiming to enhance transparency and security.
According to an announcement from the Ministry, Minister of Justice Paata Salia engaged with Hedera representatives to discuss integrating blockchain into public infrastructure. The envisioned integration involves transferring data from the National Agency of Public Registry to the Hedera network. This move is anticipated to bolster property rights protection and improve the reliability of governmental processes.
Furthermore, the Georgian government is considering real-world asset (RWA) tokenization, aligning with global trends in the digital asset space. While the MoU is currently non-binding, it sets the stage for the formation of joint working groups comprising experts from both the Ministry of Justice and the National Agency of Public Registry.
Georgia has been an early adopter of blockchain technology within its governmental framework. As early as 2017, the government partnered to utilize the Bitcoin blockchain for verifying property transactions. Subsequent reports indicated that over 100,000 property records had already been registered on-chain.
Since then, the push for blockchain adoption in public administration has continued, with various initiatives aimed at expanding its use. These efforts have involved collaborations with technology firms to develop blockchain solutions for public administration, although not all initiatives have been fully adopted by the ruling party.
In June 2024, Natia Turnava, acting governor of Georgia’s central bank, and Varlam Ebanoidze, head of the bank’s financial and supervisory technology development department, met with Ripple executive James Wallis to explore potential avenues for collaboration in digitalizing the Georgian economy.
This meeting followed reports in late 2023 that the central bank had chosen Ripple Labs as its technology partner to develop a central bank digital currency (CBDC). The central bank had previously announced plans to conduct a limited-access pilot of its CBDC, indicating a progressive approach to digital currency innovation.
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