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

On behalf of all of us at Medici Land Governance, we wish you a very happy Easter. May you all have a safe holiday filled with happiness, health, and Easter blessings.

"Realizing women’s land rights in the context of inheritance in Zambia" - a thought-provoking piece by Medici Land Governance's Social Development Officer Dimuna Phiri Simpaya
https://landportal.org/blog-post/2021/03/realising-women%E2%80%99s-land-rights-context-inheritance-zambia

The Ministry of Lands and Natural Resources has begun issuance of certificates of Title in Kanyama Constituency in Lusaka.
#yourlandyourfuture
#securing security of tenure
#leavingnoonebehinde
With the support and collaboration of @medici_land_gov and Lusaka City Council.

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MLG, in collaboration with the Liberia Land Authority and the Ministry of Finance and Development Planning, is streamlining a systematic land titling system and land administration system to formally recognize and record the rights of Liberian landowners. https://mediciland.com/medici-land-governance-launches-systematic-land-titling-and-land-administration-pilot-project-in-monrovia-liberia-to-recognize-and-record-the-rights-of-liberian-landowners/

"Knowing that land rights are critical for empowering and protecting women, how do we design land technologies in a way women can access and use? We can start by learning from a few examples that have gotten it right." @yneyman @TRF https://news.trust.org/item/20210120102114-tkihu/
#WomensRights