Medici Land in blockchain deal with another Wyoming County

Apr 14, 2020 | Press

This article appeared in Ledger Insights on April 14, 2020.

Today Medici Land Governance (MLG), an indirect subsidiary of Overstock.com, announced it signed a Memorandum of Understanding with Carbon County, Wyoming. The deal involves developing a blockchain-based land record platform this year.

This follows a previous project for Wyoming’s Teton County completed last year. MLG has also carried out property registry projects in Zambia, Rwanda, Mexico and the Caribbean.

A key benefit is the immutability of a ledger, making it harder to steal real estate titles after the details are stored on a blockchain. However, no solution is full proof, and there’s still scope for manipulation before storing data on the blockchain.

The MLG blockchain system records land ownership as well as mortgages and other liens on properties.

“By implementing innovative approaches to improve efficiency and security for our residents, we are ensuring Wyoming takes advantage of the crucial benefits blockchain has to offer,” said Gwynn Bartlett, Carbon County Clerk.

The new Carbon County platform will act as an archive for the existing land record system. And once it’s in production, it will capture and record subsequent transactions.

“In partnering with MLG to securely track, record, and make land records available to the public, Carbon County, like its sister in Wyoming (Teton County), will be providing a critical layer of protection and facilitating transparency for title holders in any property transaction,” said Ali El Husseini, PhD, CEO of Medici Land Governance.

There are numerous blockchain real estate and land registry projects around the world using other platforms, including in Vermont, South America, Abu Dhabi and Dubai in the UAE, India, UK and South Africa.

Twitter

Today @LandsZambia in collaboration with @medici_land_gov launched a Project under National Land Titling Programme targeting issuance of 4million Certificates of Titles under State Land.

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News from @medici_land_gov Liberia: Medici Land Governance Donates Raincoats to Support Enforcement of COVID 19 Health Regulations https://frontpageafricaonline.com/news/liberia-medici-land-governance-donates-raincoats-to-support-enforcement-of-covid-19-health-regulations/

Congratulations to #Keirestu company @Medici_Land_Gov on signing a Memorandum of Understanding with the Liberia Land Authority. This pro bono pilot project will recognize and record the rights of Liberian landowners. https://www.businesswire.com/news/home/20200930005873/en/Medici-Land-Governance-Signs-MOU-with-Liberia-Land-Authority-to-Recognize-and-Record-the-Rights-of-Liberian-Landowners

Want to learn why cadastral mapping and drone data save time and money, contribute to environmental protection AND improve access to critical services? Check out this case study on MLG’s work in St Kitts! https://wingtra.com/case_studies/land-titling-firm-saves-time-and-money-creating-cadastral-system-for-st-kitts/

A relevant report that connects to @medici_land_gov mission: This is how we can open up the tech sector to Africa’s women http://bit.ly/2PjfQ8R #tech #Africa @wef