How Blockchain Could Help Strengthen Developing Nations

Tomicah Tillemann was quoted in 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."