Share this article
Republic of Georgia to Develop Blockchain Land Registry
Bitcoin mining company BitFury has inked a deal with the Georgian government to develop a system for registering land titles using the blockchain.
By Stan Higgins
Updated Sep 11, 2021, 12:14 p.m. Published Apr 22, 2016, 3:44 p.m.
Make us preferred on Google
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 (NAPR), 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.
STORY CONTINUES BELOW
According to BitFury, the platform will utilize a permissioned blockchain operated by the NAPR. This private blockchain will be tied to the bitcoin blockchain, the company said, suggesting a form of merge-mining will secure the land registry.
Papuna Ugrekhelidze, chairman of the NAPR, said in a statement that the project can boost title transparency and reduce the prevalence of fraud. The office did not respond to a request for additional comment.
Ugrekhelidze remarked:
“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 the way land titling is done and pave the way to additional prosperity for all.”
The bitcoin and blockchain space is no stranger to this particular use case. A much-vaunted deal between the government of Honduras and startup Factom made headlines last year, though the project appears to have stalled amid negotiations.
This article has been updated.
Image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Ethereum Foundation makes post quantum security a top priority as new team forms
EF researcher Justin Drake says a new post-quantum team will drive wallet safety upgrades, research prizes and test networks as quantum timelines shorten.
What to know:
- The Ethereum Foundation has elevated post-quantum security to a top strategic priority, forming a dedicated Post Quantum team led by Thomas Coratger with support from leanVM cryptographer Emile.
- Researcher Justin Drake said Ethereum is shifting from background research to active engineering, including biweekly developer sessions on post-quantum transactions and multi-client post-quantum consensus test networks.
- The foundation is backing new cryptography with funding and outreach, launching two $1 million prizes, planning post-quantum community events and education, and stressing that blockchains must prepare early for quantum threats despite their long-term nature.
Top Stories
