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Public Registry to Introduce Smart Contracts in Everyday Activities

In 2017 Public Registry plans to launch the second stage of cooperation with BitFury Group for starting a test project based on real estate registration in blockchain system and introducing smart contracts.

“This is top technology that reduces involvement of human resources in the decision-making process. The second stage of the project will be continued for a year and we will see whether we will be able to use the system of Smart Contracts in everyday life”, Papuna Ugrekhelidze told the Business Contract.

Test registration transactions have been already carried out. Information on registration of real estate and business companies will be protected by global system of blockchain, Ugrekhelidze said.