Blockchain Real Use Case: Land Inventory in Africa and Beyond
In developing countries the right to own landed properties as a priority can be placed just behind the right to life. Using Nigeria as a typical example, every piece of land is claimed, whether on record or not. Besides lands found almost in the middle of nowhere, ancestral ownership and transfer of such remains an unbroken tradition in defining the ownership of landed properties. There have been numerous cases involving the claim of property between the nation state and the local custodians. This occurs mostly when there is the need for the government to acquire such a property for the....
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Land in many parts of Africa remains an emotive subject. Often fought over, few governments seem to have a clear approach to handling sensitive land issues. However one group in Ghana the Africa Youth Peace Call has come up with a novel way of solving the land question in Northern Ghana - by registering land titles on the block chain. Land Ownership in Ghana - The Bottlenecks. Northern Ghana is home to some of the richest arable land in the country. It however also plays host to Ghana's poorest citizens. In a paper written for the Food and Agricultural Organization, former Ghanaian....
A team of blockchain technology pioneers from Ghana, Denmark, and the U.S., has launched a blockchain initiative to establish usable land titles and free up trillions of dollars for infrastructure development in West Africa, according to Forbes. The Bitland initiative will educate the population about technology and hopefully foster the benefits of documented land ownership to those who don’t have it. It will begin in Ghana and expand throughout Africa, with hopes of catapulting infrastructure development and strengthening democracy. Ronny Boesing, the CEO and founder of CCEDK, the Danish....
A new startup company in Africa is hoping to stop property fraud with the use of the blockchain technology in emerging markets. Based in Ghana, BenBen is a digital land registry that allows users to quickly search for land information and perform property transactions. By integrating with BenBen, governments can make their land information quickly searchable for people where they can digitally receive land transactions such as mortgages. This then makes it easier for financial institutions to provide lending to these properties, which is an issue that many people in Ghana face. According....
The governments of the world don’t have much interest in using the blockchain in the land registry and real estate markets. Will they come around? Would it provide a better solution than that provided by the government? It is a great undertaking to integrate Bitcoin and Blockchain technologies into the real estate industry. Our CoinTelegraph correspondent talked with the president of the International Bitcoin Real Estate Association, Ragnar Lifthrasir about the potential of Blockchain technology for development in the real estate industry. His team wants to create a digital alternative for....
The term "Just in Time Inventory" was coined to refer to the efficiency businesses could gain by not tying up their funds in inventory that sat around on warehouse shelves until the product was needed. The problem of maintaining inventory is that it ties up cash you might otherwise need for productive uses. Sitting on shelves waiting to be purchased or used in assembly is not. New efficiency models started in the 1950s Japan to proceed with new processes and rules that aimed for perfect timing for all business operations. The term "Just in Time" was eventually popularized to be applicable....