How Blockchain Could Help Strengthen Developing Nations

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Media Outlet: Investor's Business Daily

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."

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Tomicah Tillemann is a leader in the fields of civic innovation and social finance. He serves as Director of the Bretton Woods II program at New America. He and his team work with the world's largest asset owners to reduce risk and volatility through strategic investments in social impact and development. He is also Co-founder of the Blockchain Trust Accelerator, Chair of the Global Blockchain Business Council, and a member of the Advisory Board of the BitFury Group, a leading full-service Blockchain company.