Ripple and State of Colombiawas developing a project on the registration of land ownership in the country on the Ripple network. However, it seems that there will be a big problem in the project due to the regulations.
Ownership registration of land in the country is a big problem, caused by years of civil war in Colombia. Colombia seeks a new solution to the unfair distributions of property made during the civil war. In Colombia, there was a collaboration with Ripple to make land allocations transparent and accurate.
However, with the elections held two weeks ago, the government changed hands.
The new minister, who took the seat of the Colombian Ministry of Land in the new government, mentioned this project in one of his last statements.
“This project is not a priority for 2022. In addition, it will take a long time for our country’s Information Technology department to re-examine this project.”
Due to the actors of the civil war that had been going on in Colombia for years, the corruption in the country had reached its peak. At the forefront of corruption areas was the unfair reorganization of land titles.
For the transparent and unalterable registration of land ownership, the former government blockchain attaches great importance to technology. For this reason, discussions were held with Ripple about the registration of land ownership in the country.
However, the new government approaches this situation from a different perspective. The new president, who took his seat 2 weeks ago, announced that they are considering the re-purchase of the unjustly allocated lands by the state.
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