Поделиться этой статьей

Zambia's Largest Land Titling Project Gets Blockchain Backing by Medici Land Governance

"This program has the overall objective of ensuring security of tenure for our people," said Hon. Jean Kapata, Minister of Lands and Resources.

Обновлено 14 сент. 2021 г., 12:49 p.m. Опубликовано 30 апр. 2021 г., 11:00 a.m. Переведено ИИ
Lake Kariba Inns, Zambia
Lake Kariba Inns, Zambia

Medici Land Governance (MLG) has signed a deal with the Zambian government as part of an ambitious land titling project in the African nation.

STORY CONTINUES BELOW
Не пропустите другую историю.Подпишитесь на рассылку Crypto Daybook Americas сегодня. Просмотреть все рассылки

According to a press release shared with CoinDesk on Friday, Medici has signed a seven-year contract with the Ministry of Lands and Natural Resources of the Republic of Zambia.

The project will see the initial issuance of 4 million Certificates of Titles (COTs) over the life of the contract with a further 3.5 million COTs issued during the following three years.

The initiative is part of the country's National Land Titling Program, which is expected to be the largest project of its kind in Zambia, according to the release.

See also: Overstock Subsidiary to Put Wyoming County Land Registry on the Blockchain

The ministry, along with Medici, ran a pilot project in 2018 to collect 50,000 title-eligible properties using proprietary systematic land titling technology known as Enum in the country's capital of Lusaka City.

MLG uses blockchain technology to support land governance, titling and administration with a public record of land ownership. In Zambia, it will employ Enum to gather landowner information for processing and issuing title deeds.

Enum provides tools that can be used by trained and locally hired enumerators with mobile tablets who knock door-to-door to collect the data.

The data collected includes items such as names, identification, co-ownership, administrators, sex, age and picture of owners as well as high-resolution aerial imagery and complete maps with boundaries, according to MLG's webpage. Upon completion, the data will be uploaded into a government approval system built by MLG.

MLG will also provide a means of integrating a payment platform with Enum that will be used to collect titling fees from landowners on behalf of the ministry and in collaboration with the Smart Zambia Institute – a division under the Office of the President.

"This program has the overall objective of ensuring security of tenure for our people," Jean Kapata, Minister of Lands and Resources, said in the release. "The government seeks to minimize displacement of citizens that genuinely own land."

See also: China Leads Africa’s Digital Currency Race

More For You

More For You

Bitcoin claws back to $70,000 on cooling inflation after $8.7 billion wipeout

Trading screen with price monitors and charts (Yashowardhan Singh/Unsplash)

Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.

What to know:

  • Bitcoin’s price recovered above $70,000 after a drop, driven by cooler-than-expected U.S. inflation data and increased risk appetite.
  • Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
  • $8.7 billion in bitcoin losses were realized in the last week, potentially signaling a capitulation event and a shift of supply to stronger hands.