Categories: News

Bitland aims to create a blockchain-based, land registration system in Ghana and the African continent

As mentioned numerous times, blockchain technology can be used for multiple purposes other than simple monetary transfers. With this in mind, a company known by the name of Bitland has announced that their blockchain initiative is now being pivoted in 28 communities across Ghana, with plans to expand all over the African continent.

To put things better into perspective, Bitland is an organization that provides individuals with the possibility to survey land, but also record deeds directly to the blockchain. As the company provides a permanent record of all operations, it can bring further clarity to land ownership rights. In return, this has the potential of reducing corruption, and allows people to do whatever they wish on their lands (securing mortgages, buying a house, opening up a business etc.).

In a recent press statement, a representative from Bitland said that: “In low-income countries like Ghana, people are concerned with basic needs and infrastructure such as running water and paved roads. The Bitland team will use blockchain technology to help accelerate infrastructure development by freeing up capital – without the corruption and abuses of power that have plagued such projects in the past”

Based on this, Bitland’s initiative also includes the idea of building solar-powered centres that will operate as hardware funds that people can use to secure their lands, but also as an education centre for locals who wish to find out more about the technology.

Reports indicate that the Bitland system is operational thanks to a partnership between them and the OpenLedger platform, built directly on top of BitShares and the Graphene blockchain technology platform.

Related Post

To bring locals even more possibilities, Bitland will begin issuing a digital currency named Cadastral that will work as a ticket to enter the platform. Further on, the Bitland system will get access to a voting platform, which communities can use to express their ideas on certain projects. Further on, partnerships between Bitland and governments will allow people to resolve land disputes more easily, while also registering their land titles.

Based on everything that has been outlined so far, what do you personally think about the Bitland project? Let us know your thoughts in the comment section below.

Source: Bitland PR

If you liked this article follow us on Twitter@themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

Daniel Dob

Daniel is a bitcoin investor and journalist for numerous news outlets in the financial sector. When he's not writing, trading, or interviewing people, you can find him swimming, reading or taking one of his hobbies to the next level.

Published by
Daniel Dob

Recent Posts

Elrond Price Up 19% After Maiar DEX Launch

Elornd price is up over 19% today, setting it as the biggest gainer on…

3 hours ago

Top 3 Most Anticipated Metaverse Coins on the Market

Metaverse is the name of the game when it comes to high ROI cryptocurrency projects.…

5 hours ago

SafeMoon Price Shows Strong Support at the $0.000003 Level

SafeMoon price shows strong support at the $0.0000031 level as cryptocurrency markets continue to struggle…

7 hours ago

3 Insanely Undervalued Shiba Inu Themed Meme Coins

If you missed the Shiba Inu hype, the good news is it's never too late.…

7 hours ago

Celer Network Price Up 19%, Is This the Next Loopring?

Celer Network price is up 19% today, making it the biggest gainer on Currently…

11 hours ago

Is Metahero the Golden Ticket for Metaverse 3.0?

Metaverse coins are all the hype right now, and recently we've been asked on twitter…

11 hours ago

This website uses cookies.