Yesterday, Inter-American Development Bank (IDB)
announced it has contracted blockchain firm ChromaWay to develop a
land titling and registry platform in Bolivia, Peru and Uruguay. The initiative titled ‘Distributed Ledger Technology (Blockchain): The Future of Land Titling and Registry’ will launch on November 2019 and run for two years.
The goal of this project is to streamline land administration in South America.
The region has several indigenous communities which are dependent on natural resources for their livelihood. A report by
Land Portal states that in 9 of the 20 countries of South America, at least 20% of the land is legally in indigenous and peasant hands under collective systems.
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