Colombia’s government has launched a partnership with Ripple Labs, the company behind the cryptocurrency XRP, to put land titles on the blockchain, part of a plan to rectify land distribution efforts so unfair they’ve led to decades of armed conflict.
The project, built by blockchain development company Peersyst Technology and Ripple, will permanently store and authenticate property titles on Ripple’s Ledger—its public blockchain.
This will help eliminate bureaucracy and hopefully make land distribution more equal, Ripple Labs and Peersyst Technology told Decrypt.
Comments are closed.