Medici Land Governance, a blockchain subsidiary of retail big Overstock, introduced on April 13 that they are going to be creating a blockchain-ba
Medici Land Governance, a blockchain subsidiary of retail big Overstock, introduced on April 13 that they are going to be creating a blockchain-based land registry platform for Carbon County, Wyoming.
Per the signed Memorandum of Understanding with Carbon County, Medici will develop the platform in 2020 to offer a digital area for immutable data and a transparent chain of title. The county then plans to switch all present info to the blockchain registry system.
This marks Medici’s second achievement in bringing blockchain expertise in land document upkeep. Earlier final 12 months, they developed the same platform for Wyoming’s Teton County, which made Teton the primary county in the entire United States to retailer land data on a blockchain platform.
Addressing their collaboration, Medici not too long ago tweeted:
“Modeled after Teton County’s success, MLG will work with Carbon County to develop and implement software program that may switch and show present digital Carbon County public land data to a brand new blockchain-based registry system.“
Staying Forward of the Technological Curve
The utilization of a blockchain system for storing land info is predicted to make Carbon County’s land data extra clear whereas including an additional layer of safety. The county will, nonetheless, train some censorship on the publicly obtainable knowledge, however folks can nonetheless select to get entry to that knowledge on the Carbon County clerk’s workplace.
Carbon County Clerk Gwynn Bartlett said that by utilizing blockchain expertise for enhancing the land document system they intend to remain forward of the technological curve:
“By implementing progressive approaches to enhance effectivity and safety for our residents, we’re guaranteeing Wyoming takes benefit of the essential advantages blockchain has to supply.”