Minister of Finance Ivane Matchavariani announced that the country will start a programme to register customs documents through blockchain. Georgia is already securing property rights data through blockchain.
According to Ivane Matchavariani, current system takes a vast amount of time and paperwork and by moving these documents to the blockchain the country will save a significant amount of resources.
“The certificate of origin is the only document that allows the seller to prove the authenticity of their product and enjoy the benefits of free trade. Traditionally, there is one problem that persists and this doesn’t only concern Georgia, this is the falsification of this certificate, problem of reliability. In order to alleviate this problem, the customs all around the world are collaborating with each other, exchanging countless papers, documentation, signatures, stamps, copies of stamps, in
order to determine the authenticity of these documents. We will transfer this information to blockchain.
Blockchain is the most reliable and promising system for secure database. We believe that, our main trade partners will also get involved in this process, we will prepare and hand over the application, which will pass to our border and partner customs offices, where they can see the verified certificate of origin. We hope that they will also establish this technology and we will be able to verify the documents put out by them," – says Matchavariani.
Georgia is one of the pioneers among Sweden and others to incorporate blockchain into the public services.
