• Mon, 15 Jul 2019, 05:58 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Overstock.com subsidiary Medici Land Governance puts Wyoming County's land records on blockchain

Tue, 18 Jun 2019, 06:14 am UTC

Overstock.com’s blockchain subsidiary Medici Land Governance (MLG) announced that it has put the land registries of Teton County, Wyoming, into a blockchain-based land record and information system.

According to its press release, land records, including warranty deeds, mortgages, the release of liens, and other similar documents, starting from 1996 are now kept on an MLG platform.

The registry, which can be tracked and viewed by the public, ensures the immutability of existing land information and provides a clear chain of title.

This provides an additional critical layer of protection and facilitates transparency for title holders in any property transaction in Teton County,” Ali El Husseini, MLG CEO, said.

The collaboration, which was announced on December 20, 2018, makes Teton County the first US county to record its land information on a blockchain-based system.

Meanwhile, Patrick M. Byrne, MLG Chairman and Overstock.com’s CEO, stated that “The firms in our keiretsu have been building real blockchain platforms and products, and 2019 is the year that they will begin rolling out of the lab and into the real world.”

True enough, MLG just recently signed a Memorandum of Understanding to digitize the government services of Liberia. The pro bono pilot project that will look into Liberia’s potential for digitization, strengthen its economy through blockchain, and improve interoperability between government departments. Other places where MLG is developing products for use include Rwanda, Zambia, and Tulum Mexico.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,559.60 (+0.05%)
  • Ethereum (ETH) $229.88 (-3.28%)
  • XRP (XRP) $0.315800 (+0.70%)
  • Litecoin (LTC) $91.05 (+0.72%)
  • Bitcoin Cash (BCH) $311.43 (+0.47%)
  • Bitcoin (BTC) $10,559.60 (+0.05%)
Jul 15, 2019 (Monday)
13:14
Crypto Technicals: XRP/USD extends weakness below 200-DMA, on track to test trendline support at 0.28
13:10
Draft of India’s cryptocurrency ban bill surfaces online
11:57
Shinhan Card patents blockchain-based system with credit card functionality
11:12
IOTA, MOBI, SAP, Deutsche Telekom and others join Convergence Alliance focused blockchain, AI, IoT
11:12
Crypto Technicals: LTC/USD pauses downside at 84 handle, bias still bearish
10:28
Crypto Technicals: BTC/USD holds support at 55-EMA (9854), break below will see further weakness
10:15
Enterprise blockchain firm R3 eyes IPO: Report
09:36
Bank of Thailand reviews blockchain applications in multiple areas
08:51
PayFast to stop accepting Bitcoin as payment method due to high fees, slow process time
07:17
U.S. lawmakers seek to prevent big tech companies from offering cryptocurrencies
06:03
Georgia VAT-exempts cryptocurrencies
05:50
Bitpoint Japan finds part of stolen cryptocurrency
05:02
South Korean companies team up to build blockchain-based identification system
Jul 12, 2019 (Friday)
11:40
Litecoin becomes official cryptocurrency of American football team Miami Dolphins
10:48
Crypto Technicals: Ripple breaks below 200-DMA, opens up further downside
10:40
Japanese cryptocurrency exchange Bitpoint loses $32M to hackers
09:40
US Election Commission to approve Congressional candidate's Ethereum token giveaway plans
09:16
HSBC reduces transaction time by 12 Days using Voltron blockchain platform
09:07
Amazon, Deloitte, Fidelity support IDEO CoLab's free blockchain accelerator program
09:05
Turkey considers developing central bank digital currency
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft