BITFURY: BLOCKCHAIN FOR

GOVERNMENT
BY- ANUSHKA WATTAL
SUMIT BHATI
 SETTING THE STAGE

• GEORGIA'S LAND REGISTRY WAS

PLAGUED BY FRAUD, INEFFICIENCY, AND
MANIPULATION, HINDERING ECONOMIC
DEVELOPMENT AND CITIZEN TRUST.

• ENTER BIT FURY, A BLOCKCHAIN

PIONEER, WITH A VISION TO SECURE AND
STREAMLINE THE SYSTEM.
THE BLOCKCHAIN FIX

• 300,000 LAND TITLES WERE DIGITIZED AND PLACED ON THE BLOCKCHAIN,

CREATING AN IMMUTABLE AND PUBLICLY VERIFIABLE RECORD.

• THIS "DIGITAL FORTRESS" SIGNIFICANTLY REDUCED FRAUD, ENHANCED

TRANSPARENCY, AND EXPEDITED LAND TRANSACTIONS.
BEYOND LAND TILES

• BITFURY SAW THIS AS A SPRINGBOARD, ENVISIONING A COMPLETE SUITE OF

BLOCKCHAIN-BASED GOVERNMENT SERVICES:
• SMART CONTRACTS FOR AUTOMATED PROPERTY PURCHASES AND SALES.
• SECURE AND EFFICIENT CITIZEN IDS AND VOTING SYSTEMS.
• STREAMLINED SUPPLY CHAIN MANAGEMENT AND TAX COLLECTION.
CHALLENGES
• GAINING GOVERNMENT BUY-IN AND NAVIGATING BUREAUCRATIC HURDLES
WERE INITIAL OBSTACLES.

• TECHNICAL COMPLEXITIES LIKE SCALABILITY AND USER ADOPTION NEEDED TO

BE ADDRESSED.
 BIGGER PICTURE

• THE CASE STUDY TRANSCENDS GEORGIA, SHOWCASING THE POTENTIAL OF

BLOCKCHAIN TO:
• IMPROVE GOVERNMENT EFFICIENCY AND TRANSPARENCY.
• BOOST CITIZEN TRUST AND PARTICIPATION.
• FOSTER INNOVATION AND ECONOMIC GROWTH.
 QUESTIONS REMAIN

• CAN THE SUCCESS OF GEORGIA BE REPLICATED ELSEWHERE?

• HOW CAN PUBLIC-PRIVATE PARTNERSHIPS LEVERAGE BLOCKCHAIN
EFFECTIVELY?
• WHAT ARE THE ETHICAL AND REGULATORY CONSIDERATIONS OF WIDESPREAD
ADOPTION?
 THE MESSAGE..
• BIT FURY: BLOCKCHAIN FOR GOVERNMENT" IS NOT JUST A STORY OF
TECHNOLOGICAL INNOVATION. IT'S A GLIMPSE INTO A FUTURE WHERE
BLOCKCHAIN COULD FUNDAMENTALLY RESHAPE HOW GOVERNMENTS OPERATE
AND CITIZENS INTERACT WITH THEM. THE CHALLENGES ARE REAL, BUT THE
POTENTIAL REWARDS ARE IMMENSE, MAKING THIS CASE STUDY A VALUABLE
STARTING POINT FOR EXPLORING THE TRANSFORMATIVE POWER OF BLOCKCHAIN
IN THE PUBLIC SECTOR.
THANKYOU..