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Georgia to use smart contracts in real estate registrations


Georgia is taking steps to introduce smart contracts in real estate registrations that can help enhance transparency and efficiency and reduce costs. A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the ...


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Agenda.ge - Georgia to use smart contracts in real estate registrations var siteLang = "eng"; window.fbAsyncInit = function () { FB.init({ appId: '143843672650089', xfbml: true, version: 'v2.5' }); }; (function (d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) { return; } js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); (function (d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.0"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); GO TO FULL SITE Tbilisi: 24 Feb 2018, 10:26 EN English Version Home Analysis Special Reports Government Multimedia In Pictures Life Press Scanner Blogs Time in Tbilisi: 24 Feb 2018, 10:26 News Politics Economy Society Justice Foreign Affairs Elections Culture Sport Good News In Pictures News Politics Economy Society Justice Foreign Affairs Elections Culture Sport Good News News Articles Blogs Archive news [news_id] => 96094 [lang] => eng ) --> NEWS Back Tweet !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs'); Georgia to use smart contracts in real estate registrations 22 Feb 2018 - 13:09:00 Tweet Share Print Article Comments /* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * */ var disqus_shortname = 'agendanews'; // required: replace example with your forum shortname /* * * DON'T EDIT BELOW THIS LINE * * */ (function() { var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true; dsq.src = '//' + disqus_shortname + '.disqus.com/embed.js'; (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq); })(); Please enable JavaScript to view the comments powered by Disqus. comments powered by Disqus Georgia to use smart contracts in real estate registrations Agenda.ge,22 Feb 2018 - 13:09, Tbilisi,Georgia Georgia is taking steps to introduce smart contracts in real estate registrations that can help enhance transparency and efficiency and reduce costs. A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contractSmart contracts allow the performance of credible transactions without third partiesThese transactions are trackable and irreversible. The Georgian National Agency of Public Registry has already started working on this direction It is already possible in Georgia to register land titles in Bitcoin blockchainGeorgia has therefore become one of the first countries to use the Blockchain platform to complete property-related government transactions. Last year, the Georgian National Agency of Public Registry signed a new memorandum of understanding with Bitcoin mining company Bitfury Group to develop and use a system for registering land titles. Blockchain technology will bring security to real estate transactions because there is no central point of failureThe ledger is distributed among many computers, so a would-be hacker would need to simultaneously attack at least 51 percent of the network in order to fraudulently alter records. Back Tweet !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs'); Most Read Check if your country is on the visa-free list1 Christmas lights illuminate Tbilisi for New Year’s Eve celebration2 Installation of “border" signs in Georgian villages sees important pipeline under Russian control3 Quirky Christmas trees delight Tbilisi4 Hundreds at risk as major flood hits Tbilisi, animals escape from Tbilisi Zoo5 Tags Cloud exhibition display festival photography tbilisi academy of arts lado lomitashvili atu gelovani Georgia Prime Minister London Giorgi KvirikashviliUK Tbilisi Constitutional court of Georgia Parliament of Georgia bill on Constitutional Court South Ossetia Tskhinvali ABL EUMM NATO US Noble Partner Noble Partner 2016 Georgian Dream Giorgi Kvirikashvili judo Lasha Shavdatuashvili Almaty Grand Prix nikoloz basilashvili tennis sport atp Azerbaijan Turkey trilateral defence meeting producer price index price of goods increase Geostat RELATED NEWS Home News Timeline In Pictures About Agenda.ge Contact Us News Politics Economy Society Justice Foreign Affairs Elections Culture Sport Good News Analysis Special Reports In Pictures Life Press Scanner Twitter Facebook Youtube Flickr Rss Digg

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