Georgia Records 100,000 Land Titles on Bitcoin Blockchain: Bitfury
Apr 21, 2017
n April 2016, the Georgian government and the Bitcoin company BitFury initiated a project to record land titles on the Blockchain.
Following the project initiation, on Feb. 7th, 2017, in Tbilisi, the government of Georgia signed an agreement to use the Bitcoin Blockchain to verify property transactions.
And on 19th of April 2017, Valery Vavilov, CEO of BitFury during his speech at the Russian Internet Forum in Moscow, said, that since the launch in February 2017, when his company along with the government of the Republic of Georgia implemented the property registration on Blockchain had registered more than 100,000 documents.