On July 1, Columbia embraced a Ripple-based solution for land registry. This is a pivotal moment for the nation, offering increased transparency and efficiency in land ownership management. Developed with the help of Spanish software company Peersyst Technology and Ripple, the solution will allow the Colombian National Land Registry to issue digital certificates and provide secure, verifiable records for millions of citizens.
In a significant move, Ripple partner Peersyst Technology has successfully produced the first version of the National Land Registry to list the first adjudication resolution in Colombia on the XRP Ledger. This groundbreaking initiative marks a turning point in how land rights are managed and secured in the country.
This is the first National Land Registry on the XRP Ledger for Colombians and was developed by Peersyst Technology. The solution has been implemented for Land Agency and is based on xrpstamp.com, which allows users to register digital assets on XRPL and verify their authenticity with QRCode. This technology ensures data integrity and simplifies the process of verifying land ownership.
The solution will streamline land registration, reduce bureaucracy, and enhance the security of land titles, providing a much-needed upgrade to the existing system. This solution is integrated with Colombia’s national land agency AgenciaTierras, where more than 50 million Colombians now have access to the first national digital land registry built on blockchain technology.
Part of a national modernization effort, this Ripple-backed solution leverages the XRP Ledger’s speed, cost-effectiveness, and transparency. Blockchain development company Peersyst worked with Ripple in the implementation of the Colombian National Land Registry on top of the XRP Ledger (XRPL), demonstrating the powerful capabilities of blockchain in real-world applications. The adoption of this innovative technology signifies Colombia's commitment to embracing cutting-edge solutions for the benefit of its citizens.