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A new Blockchain-based initiative in Africa aims to stamp out corruption and free up trillions of dollars in locked capital for infrastructure development according to an article in Bitscan .
OpenLedger-based organisation Bitland will provide services to allow individuals and groups in 28 communities in Kumasi, Ghana to survey land and record title deeds on the Bitland Blockchain – providing a permanent and auditable record – as well as acting as liaison with the government to help resolve disputes. The intention is to expand across the African continent.
It is estimated that today in Ghana around 78 per cent of land is unregistered.
Bitland could open up trillions of dollars in locked capital in low-income countries like Ghana and the Bitland team will use Blockchain technology to help accelerate infrastructure development by freeing up capital – without the corruption and abuses of power that have plagued such projects in the past.
They plan to set up solar-powered Bitland centres that will function as hardware hubs for the Bitland Wireless Network which will double as education centres for locals to learn about digital solutions and how to get involved in the project.
Bitland will use the OpenLedger platform as the basis of their Blockchain infrastructure.
From the article : “OpenLedger is built on top of the BitShares platform and its MIT-licensed Graphene blockchain technology,” explained Ronny Boesing, CEO of crypto exchange CCEDK – OpenLedger’s Danish registrar. “BitShares was recently confirmed as a partner with the Microsoft Azure BaaS, and the Bitland project reflects the vast number of opportunities emerging as more mainstream companies realise that this is what they have all been waiting for to maximize income and future communication. As more organisations join the OpenLedger/BitShares platform, you can be sure that this Decentralised Conglomerate will exemplify the future of global economics.” The company will […]
