Oh, Georgia, you saucy minx! The Ministry of Justice has just slid into Hedera’s DMs with a memorandum of understanding (MoU) because, apparently, putting land registries onchain is the new black. 🏠⛓️ Yes, you heard that right-tokenizing real estate is so hot right now. Chef’s kiss.
According to a Monday announcement (because Mondays are for making bold decisions), the Minister of Justice, Paata Salia, had a little chat with Hedera’s rep. They’re basically plotting to turn Georgia’s National Agency of Public Registry into a blockchain superstar. 🌟 “Greater protection of property rights, transparency, and reliability,” they say. We say, finally, a government move that’s not as messy as a Tinder date gone wrong.
And tokenizing real estate? Oh, honey, that’s just Georgia dipping its toes into the RWA tokenization pool. 🏖️ But let’s not get ahead of ourselves-it’s still just a nonbinding MoU. Next up: forming joint working groups. Because nothing says “serious business” like a committee. 👔📝
Georgia’s Blockchain Fling: A History of Swiping Right 💖
This isn’t Georgia’s first blockchain rodeo, darling. Back in 2017, they were already cozying up to Bitcoin to verify property transactions. By April, they’d registered over 100,000 property records onchain. 🏡🔗 Fast forward to now, and they’re still swiping right on every blockchain initiative that comes their way.
Last year? United National Movement and Rarilabs got flirty with a new blockchain solution for public administration. And let’s not forget the Georgian Dream party, who’s been playing hard to get with some of these initiatives. 💤 But hey, who doesn’t love a little drama?
In June 2024, Georgia’s central bank had a hot date with Ripple’s James Wallis to talk about digitalizing the economy. 💸 And let’s not forget November 2023, when they officially made Ripple Labs their CBDC boo. Pilot program? Check. Limited access? Check. Overthinking it? Double check. 🧐
So, here’s to Georgia-the blockchain romance novel we never knew we needed. Will it end in a happily ever after, or will it ghost us like that one ex? Only time will tell. 🕰️💔
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2025-12-03 16:20