Land registries in developing nations have long been a source of conflict and corruption, with little legal recourse for those whose land is illegally distributed by officials, corporations or individuals. This year several POCs have been launched to tackle that.
This April De Soto was in the Republic of Georgia, a former Soviet state in the Caucasus, to witness the announcement of its own blockchain-secured land registry. “By building a blockchain-based property registry and taking full advantage of the security provided by the Blockchain technology, the Republic of Georgia can show the world that we are a modern, transparent and corruption-free country that can lead the world in changing the way land titling is done and pave the way to additional prosperity for all,” said Papuna Ugrekhelidze, chairman of the National Agency of Public Registry of Georgia, in a statement.