Decentralized, Secure and Efficient land registry.
Revitalising Ghana's land economy with Trust, Accessibility, & Immutability
Revitalising Ghana's land economy with Trust, Accessibility, & Immutability
The current land registration process involves a lot of vulnerabilities and people uses it to cheat the ordinary Ghanaian. The Ghanaian economy is in crisis. As the currency falls, citizens
can't trust financial structures.
Ownership of lands,stocks and real estate are difficult and very rigid in terms of its authentication and transfer of ownership. A blockchain network can be used to settle traders in real time manner saving time and locked up capital by using the concept of tokenization.This system we're proposing discusses about a secure land registry implemented using blockchain.
We seek to introduce a blockchain land registration(in particular) and tokenization platform to liquidate assets like land in particular for now, real estate ,
Gold among others in general later.The platform will later be able to tokenizes such asset into equivalent worth of ER20 tokens so that multiple investors can invest in the same asset with any amount of money. You can simply regiter your own land or invest in a piece of land for just 100 cedis or less.
By implementing such a system in blockchain, the security issue concerning land registration and ownership is resolved to a great extent and also to provide faster liquidity of assets, thereby ensuring quick settlement of the transactions and a secure ledger.
A blockchain tokenization platform to liquate assets like land,real estate,gold among others.The platform tokenizes such asset into its equivalent worth of ER20 tokens so that multiple investors can invest in the same asset with any amount of money. You can simply invest or own a piece of land for just 100 cedis or less.The project's main aim is to provide faster liquidity of assets, thereby ensuring quick settlement of the transactions and a secure ledger.
What's The Big Deal About Blockchain
Anyways? 🤔
In situations where trust is either absent or unproven, blockchain establishes trust amongst several entities.
Blockchain enables sharing of data within an ecosystem of businesses where no single entity is exclusively in charge.
Blockchain creates an unalterable record of transactions with end-to-end encryption, which shuts out fraud and unauthorized activity.
By eliminating intermediaries, as well as replacing remaining manual processes in transactions, blockchain can handle transactions significantly faster than conventional methods.
Immutability simply means that transactions, once recorded on the blockchain, can't be changed or deleted. On the blockchain, all transactions are timestamped and date-stamped, so there's a permanent record.
Blockchain can help track the origins of a variety of items to confirm they're legitimate, This allows retailers to better manage inventory, respond to problems or questions and confirm the histories of its merchandise.
Some of the assets that can be registered and tokenized.
Wanna Ask Something?
A blockchain is a distributed, cryptographically-secure database structure that enables network participants to establish a trusted and immutable record of transactional data without the need for intermediaries.
In times past, databases have incorporated a centralized client-server architecture, in which a sole authority controls the central server. This design means that data security, alteration, and deletion rests with a single point of failure. The decentralized architecture of blockchain databases emerged as a solution for many of the weaknesses of centralized database architecture. A blockchain network consists of a large number of distributed nodes––voluntary participants who must reach consensus and maintain a single transactional record together.
Blockchain applications are comparable to conventional software applications, except they implement a decentralized architecture and cryptoeconomic systems to increase security, foster trust, tokenize assets, and design new network incentives. Here are over 90 Ethereum apps that are currently being used across the Ethereum blockchain ecosystem, from prediction markets to smart legal agreements.
Blockchain technology has a wide variety of benefits, for both global enterprises and local communities. The most commonly cited benefits of a blockchain are trusted data coordination, attack-resistance, shared IT infrastructure, tokenization, and built-in incentivization.
Decentralized finance—often called DeFi or open finance—refers to the economic paradigm shift enabled by decentralized technologies, particularly blockchain networks. DeFi signals the shift from a historically centralized and closed financial system toward a universally accessible economy that is based on open protocols that are interoperable, programmable, and composable.
A blockchain wallet contains the public key for others to transfer cryptocurrency to your address and the private key so you can securely access your own digital assets. A blockchain wallet usually accompanies node hosting and stores cryptocurrencies on your computer. The safest place for storing digital assets is offline, what is often called “cold storage.”
