Key takeaways
- Georgia signed an MOU with Hedera to explore moving its land registry on-chain and tokenizing real estate
- Justice Ministry officials say a blockchain-based registry could strengthen property-rights protection and improve transparency.
- Dubai and New Jersey have launched similar blockchain initiatives, expanding global experiments with digital deeds and tokenised assets..
Georgia is considering placing its land registry on a blockchain system and tokenizing real estate under an MOU signed between the Justice Ministry and distributed-ledger platform Hedera.
According to the ministry, Justice Minister Paata Salia met Hedera representatives in Tbilisi to examine how the National Agency of Public Registry could move its data onto an on-chain system. Officials said the shift would strengthen property-rights protection and create a clearer audit trail for registry procedures.
The ministry also outlined the Public Registry’s smart-contract service and discussed its future expansion, with officials emphasizing the conversion of physical property into digital units as a possible basis for asset tokenization within Georgia’s legal framework.
To advance the initiative, the ministry plans to form working groups of its own specialists and Public Registry experts, who will coordinate with Hedera’s engineers as the cooperation moves into an operational phase.
Governments Race to Modernize Property Ownership with Blockchain
Georgia’s move to examine an on-chain land registry and the potential tokenization of property forms part of a wider global push to modernize real-estate infrastructure through distributed-ledger technology, as Several governments are now testing blockchain systems to secure ownership data, reduce fraud and create new frameworks for digital asset markets.
In the United Arab Emirates, Dubai’s Land Department has entered a cooperation agreement with Crypto.com to pilot blockchain-based processes in property transactions, aligning with the emirate’s long-term real-estate strategy to boost transparency and attract global capital.
In the United States, Bergen County in New Jersey has launched the country’s largest blockchain-based deed tokenization effort to date through a five-year partnership with Balcony. The program will digitize and tokenize roughly 370,000 property deeds, representing about 240 billion dollars in real-estate value.
The system, built on the Avalanche network, is designed to create a tamper-resistant, fully searchable ledger of property records. Officials expect processing times to be reduced and anticipate fewer administrative errors, and a reduction in fraud risks once the transition is complete.
Taken together, these initiatives highlight the growing global recognition of blockchain’s ability to modernize land records and reshape real-estate markets.
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