IOHK Announces Blockchain Technology Partnership With Government of Georgia

Input Output Hong Kong (IOHK) CEO Charles Hoskinson was in Tbilisi, the capital of Georgia today. He signed a Memorandum of Understanding (MOU) with the Georgian Ministry of Education and Science that will work towards the implementation of 3rd generation blockchain projects in the country. Georgia is aiming to become a premier hub for international businesses and will piggyback the emerging blockchain tech to achieve its objective.

How Will IOHK and Georgia Collaborate?

The 3rd generation blockchain solutions by IOHK will be focused on fintech businesses based on digital assets and blockchain technology. It will also help in improving the security of the Ministry’s confidential data while also enabling smart contracts into its services. It will also try to make Georgian university qualifications comparable to similar requirements in Europe.

Hoskinson said on the collaboration praises the Georgian government’s ‘can do’ attitude and its strong university sector. The two factors combined are helping turn Georgia into an attractive spot for international business. The company will organize meetups, forums, workshop, and other events starting this fall to identify the challenges in the country’s existing skill base.

Blockchain Meets Education in Georgia

The Georgian government is interested in using blockchain technology in its universities. It wants to at par with the higher-educational qualifications in the broader European region. Using IOHK’s technology and expertise, the university sector will be benefitted in the country. IOHK will be working with the business and education services of the government and use its Cardano and Atala blockchain solutions to meet common goals.

With this deal, Georgia is pushing to become a premier space for international business. Its minister of education, science, culture, and sport, Mikheil Batiashvili noted that the country had come a long way from its 112th rank in ‘Ease of Doing Business’ Index to the current 6th rank. Georgia is more suited to business than established spaces like the US and the UK, according to the index. Leveraging IOHK’s expertise could fuel their growth further and help it become “the world’s leading country for secure, digitally-enabled international business.”

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