The Bitfury Group, the world’s leading full-service Blockchain technology company, will discuss its partnership with the Republic of Georgia to build the world’s first Blockchain-based land-titling project this week at Harvard Business School and the United Nations.
Harvard Business School has authored an educational case study on Bitfury’s work in Georgia. On November 9th, Rachel Pipan, senior manager of communications at Bitfury, discussed Bitfury’s role in launching the project with students at Harvard Business School in Cambridge, Mass.
At events held on November 9th and 10th of 2017, John Mercurio, deputy global chief communications officer at Bitfury, discussed the land-titling project in the Republic of Georgia at the Humanitarian Blockchain Summit in New York. The summit is organized by the Institute of International Humanitarian Affairs at Fordham University in partnership with United Nations Office of Information and Communications Technology.
The invitations for Bitfury to discuss its Georgia project reflect the growing global interest in the ways that Blockchain technology can help improve vital government services for citizens around the world.
“The potential for Blockchain is vast, and we are excited to be a leading voice in an ecosystem that works every day to find ways to embrace it for the global good,” said George Kikvadze, vice chairman of Bitfury’s board. “We are honored to be presenting our Georgia project at the Harvard Business School and the United Nations, and we look forward to leading an ongoing conversation about this game-changing innovation.”
In April 2016, The Bitfury Group announced it would pilot the first blockchain land-titling registry in partnership with the Republic of Georgia’s National Agency of Public Registry (NAPR) and renowned economist Hernando de Soto. Bitfury and NAPR successfully implemented a custom-designed Blockchain system that is now integrated into the digital records system of NAPR. This private, permissioned Blockchain is anchored to the Bitcoin Blockchain through a distributed digital timestamping service. Distributed digital timestamping allows NAPR to verify and sign a document containing a citizen’s essential information and proof of ownership of property. This groundbreaking project will continue to advance to include smart-contract capabilities to streamline business operations for NAPR, including the sale of property, transfer of ownership and more.