The National Agency of Public Registry, under the Ministry of Justice, has introduced a cutting-edge service: the Smart Contract system.

This system redefines traditional transaction processes, allowing payment and property registration to happen simultaneously. Buyers and sellers can now finalize sales agreements remotely by signing them digitally through any internet-connected device. Additionally, the Smart Contract enables users to register a mortgage using the same method.

This innovative solution holds particular significance for Georgian expatriates, as it allows them to purchase real estate in Georgia directly—without requiring intermediaries or powers of attorney.

Citizens interested in using this service can schedule a virtual meeting with an agency representative via the official website at www.napr.gov.ge.

Justice Minister Rati Bregadze recently introduced the Smart Contract system to members of the executive branch, the National Bank president, and financial sector representatives. During the event, David Devidze, Chairperson of the National Agency of Public Registry, presented a comprehensive demonstration of the new system.

Prominent attendees included Vice Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Foreign Minister Ilia Darchiashvili, National Bank President Natia Turnava, Parliament members, the Public Defender, the Business Association president, and representatives from the Ministry of Justice, the National Agency of Public Registry, and other distinguished guests. Key stakeholders in the Smart Contract initiative, such as commercial banks, real estate developers, and World Bank members, were also present.