Georgia’s Innovation and Technology Agency (GITA) has partnered with Partisia Blockchain, a leading company in privacy-preserving and sustainable blockchain solutions, to promote innovative technologies in the country. The collaboration focuses on leveraging multiparty computation (MPC) and blockchain to drive advancements in various economic sectors.
Under the memorandum, GITA will provide support to Partisia Blockchain’s involvement in the Georgian blockchain and Web3 ecosystem. In return, Partisia Blockchain will offer its expertise in assessing and contributing to projects in GITA programs, as well as grants and technical assistance.
The partnership goes beyond project collaboration. Partisia Blockchain will actively participate in GITA’s educational programs, sharing valuable insights on MPC, homomorphic encryption, and their integration with blockchain technology.
Avtandil Kasradze, the Chairperson of GITA, emphasized that this agreement aligns perfectly with the agency’s mission of integrating cutting-edge technologies into various economic sectors. Georgia aims to foster innovation and gain a competitive edge by embracing blockchain technology and collaborating with experts like Partisia Blockchain.
By positioning itself as a hub for technological innovation, Georgia aims to attract foreign investments and nurture the growth of local startups and entrepreneurs. Through the implementation of MPC and blockchain solutions, the country can enhance privacy, interoperability, and sustainability across different sectors. Georgia recognizes the transformative potential of these technologies and is eager to capitalize on them to drive economic growth.
With this move, Georgia joins the ranks of progressive nations seeking to leverage innovative solutions to address complex challenges and secure a prosperous future. Stay updated with the latest developments by following @AzerNewsAz on Twitter.
The source of the article is from the blog qhubo.com.ni