A software development firm based in Barcelona and Ripple (XRP) partner Peersyst Technology has announced that it has made the first version of the National Land Registry available to record the first court decision in Colombia on XRPL.
Ripple Partner Company Made an Agreement with Colombian Government
Peersyst Technology had an agreement with the Colombian government to register and register land registry information in Colombia. Property deed reviews are still a rather laborious and primarily paper-based process. This deal aims to significantly speed up property transactions and stimulate the local economy by moving registrations to Blockchain.
Excited to share that we just put into production the first version of the #NationalLandRegistry together with @AgenciaTierras and the support of @Rippleto register the first adjudication resolution in Colombia🇨🇴on #XRPL🔐
Search by its number “11774”👇https://t.co/C8o5xv9JKd pic.twitter.com/CaccQuUGbk
— Peersyst Technology (@Peersyst) July 29, 2022
Working on the Ripple network cryptocurrency company’s first use case is a digital asset notarization software built on the XRP Ledger (XRPL), which will be the land reward registry system for the Colombian Government.
The solution using the XRP stamp, which enables digital assets to be registered in XRPL and authenticated using a QR code, has been implemented for the Colombian National Land Agency “AgenciaTierras”.
The initiative aims to record more than 100,000 resolutions in the short term to reassure Colombians.
In addition to being a longtime Ripple partner, Peersyst Technology also owned Wave 2 XRPL funding for a different NFT project.
XRP Cross-Transactions Are Now Possible Over the Wanchain Bridge
The latest bridge developed by Wanchain, a decentralized Blockchain interoperability solution, now allows XRP cross-chain transactions to be performed on the XDC Network.
Various XRPL interoperability initiatives have come to the fore in recent months. At this point, Multichain continued to play an important role, collaborating with projects such as Sologenic and onXRP.com.
*Not investment advice.