How Blockchain Could Help Strengthen Developing Nations

In The News Piece in Investor's Business Daily
Dec. 27, 2016

Tomicah Tillemann was quoted inĀ Investor's Business Daily regarding Georgia's use of an online land-registry system and the strengths of blockchain:

The nation [Georgia] uses a what is called a one-window system, or a one-stop-shop online system that residents use to interact with the government, said Tomicah Tillemann, director of the Bretton Woods II Initiative at the think tank New America and a member of Bitfury's advisory board.
"Even in a good system, it takes a lot of paper pushing and a lot of signatures in order to validate a transaction," he told IBD. "With blockchain, that process is streamlined, really profoundly. And you're able to take a lot of the friction and a lot of the transaction costs out of what would otherwise be a very complex transaction."