Georgia signs memorandum of understanding with Hedera to explore on-chain real estate registration and tokenization

ChainCatcher news, according to a report by Cointelegraph, the Ministry of Justice of Georgia has signed a memorandum of understanding with the public blockchain Hedera to explore migrating the country's land registration system onto the blockchain and realizing real estate tokenization.

According to an announcement released by the Ministry of Justice of Georgia on Monday, Minister of Justice Paata Salia held a meeting with representatives from Hedera to discuss the potential integration of blockchain technology into public infrastructure. Georgian officials stated that they are considering transferring the data of the national public registry agency onto a blockchain network, aiming to "ensure greater property rights protection, process transparency, and reliability."