Ripple partner Peersyst Technology, a Barcelona-based software development company, has announced that it has created the first edition of the National Land Registry.
As earlier reported by CoinGabbar, Peersyst Technology has entered into an agreement with the Colombian government to record and register land registry rights in Colombia. Property title searches are still a time-consuming, mostly paper-based operation. This seeks to greatly speed up property transfers by putting the registry on the blockchain, therefore supporting the local economy.
The initial use case is a digital asset notarization platform built on XRP Ledger (XRPL), which will serve as the Colombian government's land award record. The solution, which uses the XRP stamp to enable digital assets to be registered on XRPL and their authenticity to be validated using a QR code, has been implemented for Colombia's National Land Agency "AgenciaTierras." The initiative aims to register more than 100k adjudications in the near future to ensure Colombians' confidence.
Aside from being a long-standing Ripple partner, Peersyst Technology received Wave 2 XRPL financing for a different NFT project.
