Property Registration on blockchain

One of the most promising POCs going on at the moment in the blockchain world is the idea of registering and transferring assets, including property and home ownership. The goal is to make the process more efficient, cheaper for participants in the process, and more transparent.

Bitfury, known primarily for it’s mining capability, is partnering with the government of Georgia, to develop a Proof of concept

One of the key use cases for blockchain technology involves situations where there are multiple independent parties, and a need to record the ownership and transfer of assets or value where it would be very beneficial not to have a single source of truth. The high levels of corruption in the managing of property in Georgia make it a very good candidate for Blockchain.

 




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