IOHK Announcement: IOHK and government of the country of Georgia announce blockchain technology partnership

IOHK and the government of the country of Georgia announce blockchain technology partnership in the nation’s quest to be the world’s premier hub for international business.

This morning, in Tbilisi, the capital of Georgia - country in the Caucasus region of Eurasia, IOHK CEO Charles Hoskinson put his signature to a Memorandum of Understanding that will see IOHK work with the Georgian Ministry of Education and Science to identify and implement a range of 3rd generation blockchain-enabled projects.

The government of Georgia has identified its university sector – and in particular the work currently underway to ensure comparability with higher-education qualifications across Europe – as one area where IOHK’s expertise will be particularly important.

In addition, IOHK will also be working together with Georgian government business and education services to develop blockchain-enabled solutions using Atala and Cardano to:

  • Support fintech businesses based on blockchain technology and digital assets
  • Help the Ministry to improve the security of confidential data, using 3rd generation blockchain technology
  • Assist the Ministry in integrating smart contract functionality into its services
  • Support the Ministry’s current work to ensure qualifications from Georgian universities are comparable with higher-education qualifications across Europe

Mikheil Batiashvili, Minister of Education, Science, Culture and Sport said:

“Georgia has had an exciting journey from its previous ranking of 112th on the World Bank’s ‘Ease of Doing Business’ index, to our current position of 6th, ahead of many established hubs for international business, including the US and UK. However, we are still on that journey and are hopeful that leveraging IOHK’s world-leading expertise, particularly in third generation blockchain technology, will help us to progress even further toward our goal of being the world’s leading country for secure, digitally-enabled international business.”

Charles Hoskinson, CEO of IOHK said:

“We are incredibly excited to be working with the Georgian government on a range of projects across business, education and government services. A combination of a strong university sector in the country and a ‘can do’ attitude on the part of the government has seen the country rapidly establish itself as one of the world’s most attractive hubs for international business. We’re pleased to now be a part of that journey and look forward to developing the blockchain ecosystem in Georgia and helping its people to solve the challenges they face.”

IOHK will organise a series of workshops, meetup, forums and other events – with the first taking place later this year, in order to identify the most pressing challenges and the existing skills base in the country. That scoping work will inform the design of a range of feasibility studies, looking at the technical, commercial, operational and other areas that need to be addressed as part of a wider project to embed IOHK’s blockchain technology across Georgia’s business, government and education sectors.

Read the IOHK Blog post on the MoU’s here.