Blockchain Land Registry

National Agency of Public Registry in the Republic of Georgia

By using Exonum, NAPR can provide its citizens with a digital certificate of their assets, supported with cryptographical proof published to the Bitcoin Blockchain.

The main goal of the project was to develop the most secure solution to provide citizens and governments data security, auditable processes and transparency.

Challenges

The following were the most essential characteristics of the blockchain registry:

  • Overall system transparency;
  • Fault-tolerance;
  • Intelligibility for end users.

Although there were no documented attempts of internal data forgery, this was also one of the listed as one of the core challenges.

This important project will show that governments that transfer their property registries to a blockchain-based system can establish a more transparent and well-recorded system that ultimately benefits the people and advances economic opportunity for all.

Hernando de Soto

Renowned economist and founder and president of the Institute for Liberty and Democracy

Bitfury has deployed a distributed timestamping service on top of the existing public land title registry using the Exonum framework. This step led to the following achievements:

  • Service delivery time was reduced from 1-3 business days to several seconds;
  • Operational costs were reduced up to 90% (for the specific service);
  • Real-time audit capabilities were enabled.

One of the side goals of the pilot project was to educate the Georgian government about cutting-edge blockchain technologies and all the possible governance applications. The success story led to the support of the Georgia Ministry of Justice, who asked Bitfury to establish an entire blockchain ecosystem for the Republic of Georgia.

Results and Future Plans

By successfully integrating blockchain technology into the own land title registry, the Georgian government has completed the first step of blockchain technology pioneering. The same technology will also be implemented in all government registries in the Republic of Georgia.

The project will continue to advance to include smart-contract capabilities to streamline business operations for NAPR, including the sale of property, transferring of ownership and more.

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