Medici Land signs blockchain land registry deal in Mexico

Overstock.com’s blockchain property rights subsidiary, Medici Land Governance (MLG), has signed a Memorandum of Understanding with the municipality of Tulum in Quintana Roo, Mexico to develop a digital record of land ownership.

Blockchain-meets-property rights

In some developing economies, a lack of clarity over property ownership creates uncertainty that stifles the development of functioning markets and encourages fraud. To address this gap, MLG provides a blockchain-based administration system. This helps to clarify who owns what and makes it very difficult to manipulate documents.

Article continues …

---