Georgia develops blockchain land registry platform

The 2017 Global Award for Entrepreneurship Research goes to Hernando de Soto

The Global Award for Entrepreneurship Research is the most prominent international award in entrepreneurship research with a price sum of EUR 100,000. De Soto’s analyses have had tremendous influence on policy throughout the world and were a main source of inspiration for the World Bank’s Doing Business program. Read More

2017 Award Winner

Hernando de Soto Peru Institute for Liberty and Democracy For developing a new understanding of the institutions that underpin the informal economy as well as the role of property rights and entrepreneurship in converting the informal economy into the formal sector. Read More

BitFury will develop the platform for the National Agency of Public Registry (NAPR), an office of the Ministry of Justice of Georgia. Renowned Peruvian Economist Hernando DeSoto announced on Friday he would assist in the development of the platform.

The pilot project will use a transparent and secure ledger for managing land titles.

Thanks to this possibility, the ability to purchase and sell property will become more flexible and stimulate the country’s economy. Furthermore, the project will boost land ownership transparency and reduce fraud.

NAPR and BitFury signed a Memorandum to launch the pilot project after meeting in Tbilisi, capital of Georgia.

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