Georgia is one of the first countries to use blockchain technology to register properties.
Innovative technology of blockchain provides affordable, transparent and safe registration transactions.
From February 20, 2017 any kind of realty record information is automatically transferred to blockchain system.
At this time, blockchain keeps more 200 000 record information. The Blockchain is the underlying technology supporting digital currencies like Bitcoin; it’s a decentralized platform that securely processes transactions through encryption.
Since this technology cannot be owned by any one person, company, or entity, and each user has the ability to view or access the state of Blockchain at any given time, the Blockchain has become increasingly lauded as a new underlying protocol and infrastructure to do completely new and revolutionary functions that have a great impact on business, industry, government, and potentially society.