Pioneering national government using blockchain for official transactions. Bitfury and the Republic of Georgia are making property transactions secure and transparent.
Bitfury, together with the government of the Republic of Georgia, has implemented a private blockchain-based system, backed by the security of the Bitcoin Blockchain, to make secure real estate transactions. This is the first time a national government has used the Bitcoin Blockchain to secure and validate official actions, bringing increased security to real estate transactions. The ledger is distributed, which mitigates the possibility of corruption, while also providing clients with secure and verifiable electronic receipts. The project will continue to reduce inequalities by addressing the need for transparency and accountability.