• Mamuka Bakhtadze, the former prime minister of Georgia has recently discussed the importance of blockchain and its potential as a nascent technology. 
  • Bakhtadze even compared it to the industrial revolution of the steam engine believing that it could have as big an impact.

Mamuka Bakhtadze, the former prime minister of Georgia has recently discussed the importance of blockchain and its potential as a nascent technology. Bakhtadze even compared it to the industrial revolution of the steam engine believing that it could have as big an impact.

He said:

“The first industrial revolution was powered by the steam engine, and the fourth industrial revolution will be powered by blockchain. That’s really a game changer.”

For those that don’t know, the Prime Minister didn’t stay in office for long as he resigned last year after only serving 12 months in the position. However, he did reveal that Georgia is working with Charles Hoskinson, the CEO and founder of IOHK and Cardano in order to integrate a special blockchain-based education program across the country.

Bakhtadze further added:

“Currently, we are implementing a very important project in the education sector together with IOHK and Charles Hoskinson, who is a very good friend of Russia. Together with the Ministry of Justice and Minister for Education, we are implementing the credentials verification project. The team is using a Cardano-backed blockchain for this.”

The country, a small Eurasian nation that borders Russia to the north and Turkey and Armenia to the south, is typically referred to as the crossroads where Western Europe meets Asia. The country has become the first national government to bring in blockchain technology with open arms into public services. It has even done that in partnership with the bitcoin mining company, Bitfury.

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

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

Source
Author: Adrian Barkley

Categories: Blockchain

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