Georgia Tests Hedera Real Estate on Blockchain

Hedera for the Georgia Public Registry

The Republic of Georgia is accelerating its digital transformation agenda by partnering with Hedera, one of the world's leading enterprise-grade distributed ledger networks, to pilot a blockchain-based national property registry.

Through a newly signed memorandum of understanding (MoU) between the Ministry of Justice and the Hedera ecosystem, Georgia becomes one of the first countries in Eastern Europe to explore decentralized technology to secure, authenticate, and transfer land ownership records.

The initiative builds on Georgia’s long-standing ambitions to modernize its government infrastructure and position itself as a regional tech hub — but the choice of Hedera, rather than a traditional blockchain like Ethereum, signals a strategic interest in high-throughput, low-latency, permission-ready networks optimized for government use cases.

Bitcoin Pioneers Come to Hedera Hub

Georgia began adopting blockchain in 2017, when it partnered with Bitfury to verify real estate transactions on Bitcoin, processing over 100,000 records in months—a move that reduced fraud by 90% and inspired global partners like Sweden and the US state of Georgia.

The 2021 upgrade of the National Public Registry incorporated blockchain for land titles, but scalability limitations prompted Hedera’s involvement. Its hashgraph consensus mechanism offers 10,000 transactions per second (TPS) with fees below 1 cent, making it ideal for high-volume public records.

The memorandum aligns with Georgia's Digital Georgia Strategy 2024, which targets 80% digital public services by 2027, and complements the country's crypto-friendly stance—a low 15% corporate tax and 0% VAT on blockchain exports.

With annual FDI inflows of $2 billion, tokenized real estate could attract an additional $1 billion, PwC estimates, while also boosting EU integration prospects. Hedera’s enterprise focus—backed by Google, IBM, and Boeing—ensures compliance, with permissioned nodes mitigating the centralization risks that plagued early pilots.

Our review

Georgia’s pilot of a Hedera-based real estate registration system marks a significant milestone in the practical application of blockchain. More than just a technological experiment, it reflects Georgia’s ambition to modernize governance, combat corruption, and enhance public trust through transparent, tamper-proof digital infrastructure.

If the pilot is successful, Georgia could become one of the first countries to anchor its national land registry system on a decentralized network — setting a precedent for governments around the world. For Hedera, this is another step toward establishing itself as the go-to platform for digital transformation at the government level.

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