Blockchain is the steam engine of Industry 4.0

Located at the intersection between Europe and Asia, Georgia is a small country with a big mission to drive blockchain adoption and education. In February 2017, the government of Georgia made a bold move by signing an agreement to use the Bitcoin blockchain to record land titles, making it the first national government to use blockchain for authenticating state operations.

Georgia’s innovation didn’t stop there, rather continuing to grow as the country became a powerhouse for mining crypto. Then, in June 2019, the government of Georgia signed a memorandum of understanding with blockchain technology firm Input Output Hong Kong, or IOHK, to advance blockchain projects across government sectors, with a large focus on education.

Many of these innovations took place when Mamuka Bakhtadze served as the country’s prime minister, between June 2018 through September 2019. Cointelegraph had the pleasure of sitting down with Bakhtadze to learn more about his goals to drive blockchain innovation and education.

Rachel Wolfson: How did you start implementing blockchain and digital currencies into policy when you were Prime Minister of Georgia?

Mamuka Bakhtadze: This actually started before I became prime minister of Georgia. Georgia is the first country that introduced blockchain technology in public services. That happened a few years ago, when we partnered with the blockchain company Bitfury.

Our Ministry of Justice implemented Bitfury’s blockchain to register and verify property transactions. This was the first time not only for Georgia, but for any state to implement blockchain in the public services sector.

RW: You recently spoke at the virtual Davos event this year about taking blockchain further; what can the future hold?

MB: Georgia is a very good example of the limitless opportunities associated with blockchain, especially within the public services sector. Currently, we are implementing a very important project in the education sector together with IOHK and…

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