Paving the Path for a Blockchain Hub
Tether, a leading name in the cryptocurrency world, has recently formed a strategic partnership with the Government of Georgia. This collaboration aims to transform Georgia into a global epicenter for blockchain and peer-to-peer technology, fostering a vibrant digital asset ecosystem.
Paolo Ardoino, Tether’s Chief Technology Officer, expressed great enthusiasm about this partnership, highlighting the mutual goal to create a flourishing environment for peer-to-peer technology. He stated, “This collaboration not only marks a significant milestone for Tether but also strengthens its role as an innovative infrastructure partner for cities and nations across the globe. Tether, with a deep understanding of cryptocurrencies’ potential, aims to empower cities and catalyze the broad adoption of revolutionary blockchain technologies such as Bitcoin, along with novel peer-to-peer solutions.”
Fostering Startup Growth and Blockchain Innovation
The partnership intends to lay a strong foundation for a thriving startup ecosystem within Georgia. By demonstrating the favorable work conditions and high quality of life in the nation, both Tether and the Government of Georgia hope to draw international interest and investment, thereby fueling the growth and success of innovative startups in the blockchain sector.
Deputy Minister of Economy and Sustainable Development, Irakli Nadareishvili, underscored Tether’s investment interest in Georgia, revealing plans for a dedicated fund to support local startups in their quest to develop cutting-edge blockchain technologies. “Our collaboration in the educational sector, particularly in blockchain technology, will significantly enhance the growth of local blockchain technologies and attract companies operating in this sector to Georgia,” Nadareishvili added.
Revolutionizing Public Services and Financial Systems
Tether and the Government of Georgia are committed to examining the creation and deployment of a standalone communication and financial system. The partnership aims to leverage blockchain systems’ inherent transparency and security, aiming to transform public administration and the private sector, thereby ensuring efficient and reliable services for citizens.
Furthermore, both entities plan to work closely with local academic institutions, such as BTU, a notable technology university and research center in Georgia. The collaboration will focus on developing educational programs on blockchain technology, stablecoins, and peer-to-peer systems, cultivating a future-ready workforce.
