Sweden's Blockchain Land Registry to Begin Testing in March
A public-private effort in Sweden to record land titles on a blockchain is set to begin public testing this March. Spearheaded by the Swedish National Land Survey and blockchain startup ChromaWay, the project was revealed in June to have support from consulting firm Kairos Future and telephone service provider Telia. Now, the project is moving ahead with the addition of two banks that specialize in mortgages, Landshypotek and SBAB, CoinDesk has learned. ChromaWay CEO Henrik Hjelte said that the sandbox release would seek to test the platform from a business, legal and security perspective,....
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Authorities in Sweden have announced that the government is exploring the implementation of blockchain based land registry in the country. The use of blockchain based registries has now spread to Sweden. The European country may soon be implementing a new land registry based on distributed ledger. With the number of people around, it is hard to keep track of all the things they had ever owned. However, it is not that hard when it comes to land ownership. For starters, it is not easy to hide a piece of land, as it has to be under the sun where everyone can easily see. However, over a period....
Sweden could become the first country to put the country’s land registry on the Blockchain, the Swedish Land Registry said. With a population of just under 10 million people, it can be hard to keep track of who owns what when it comes to land ownership in Sweden particularly over a period of time, unless some reliable form of record keeping is maintained. The distributed ledger technology, which happens to be the backbone of Bitcoin, is the perfect solution in keeping track of land ownership, with the Scandinavian country being the latest country looking into how Blockchain can help. Proof....
Sweden could become the first country to have a blockchain-based land registry. A team of technology players is working with the country’s land registry on a system that could possibly go live this fall, according to Reuters. ChromaWay, a Swedish blockchain company, consulting firm Kairos Future, and telecommunications service provider Telia, have developed “proof of concept” demonstration of how the Swedish land registry would work. Blockchain Brings Benefits. The blockchain ledger can allow clearing and settlement on one database that provides an easier-to-use and more reliable system....
The government of Sweden is testing a system for registering and recording land titles that utilizes blockchain in a bid to digitize real estate processes. Lantmäteriet, or the Swedish National Land Survey, revealed today that it is working with blockchain startup ChromaWay, consulting firm Kairos Future and telephone service provider Telia on a proof-of-concept that investigates how blockchain tech could reduce the risk of manual errors while creating more secure processes for transferring documents. For the proof-of-concept, ChromaWay CEO Henrik Hjelte indicated that Telia’s technology....
The Republic of Georgia’s National Agency of Public Registry, renowned Peruvian economist Hernando De Soto and Bitcoin company BitFury announced a partnership to design and pilot a blockchain land titling project, Forbes reports. The announcement was accompanied by a signing ceremony at the Georgian Ministry of Justice. “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....