The Georgian Ministry of Justice is seeking to collaborate with Hedera to advance on-chain property rights and tokenization.

Odaily Planet Daily reports that the Georgian Ministry of Justice has signed a Memorandum of Understanding (MoU) with the public blockchain network Hedera, and is currently considering putting the country's land registration system on the blockchain and tokenizing real estate. Georgian officials stated that they are considering migrating data from the National Public Registry to the blockchain network, hoping this will "further ensure property rights protection and improve the transparency and reliability of the process." Furthermore, the two parties are also considering tokenizing real estate, a move quite similar to Real-World Asset (RWA) tokenization projects. (Cointelegraph)