Medici Land Governance (MLG) has partnered with the Government of Rwanda to pilot a project that aims to make land transfers a paperless process. For the pilot, MLG has built a land transaction platform on blockchain called Ubutaka, which will be integrated with Rwanda’s existing land registry infrastructure.
Inefficient and inaccurate land registry systems are a common challenge in many developing countries. The loss of paperwork often prevents land owners from proving ownership, making people hesitant to invest in developing properties. Additionally, the lack of standardization and auditing in land management leaves the door open to corruption and fraud.
MLG has projects in several countries such as Mexico and Liberia to address these challenges through blockchain. The idea is that by creating an unforgeable system where land owners can prove ownership of their properties, there will be a greater incentive for investment and development in real estate.
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