The United Nations (UN) has partnered with startup LTO Network to unveil a blockchain-based “goLandRegistry” solution to help the Afghan government solve real estate problems.
The solution will be shown to the Afghan Ministry of Urban Development this month. The project was developed within the framework of the UN-Habitat program aimed at sustainable urban development in Afghanistan.
The developers said that the blockchain-based platform will help solve problems that usually arise in slums or temporary settlements, such as land grabbing, its irrational or illegal use.
According to the UN, more than 80% of land ownership in Afghanistan is not registered with municipal or state land administration authorities, and residents often do not have official documents proving ownership of real estate.
The goLandRegistry system will be used to record data and issue certificates of ownership of real estate. This will allow land owners to independently verify the authenticity of such certificates using an open source blockchain-based tool.
The platform is powered by a hybrid blockchain developed by European startup LTO Network. LTO CEO Rick Schmitz said the hybrid solution will enable decentralized data exchange between stakeholders and enable transparent traceability of records.
In addition, the system will simplify the transfer of property rights and the provision of loans for the purchase of land plots, as well as automate the payment of taxes. Maurizio Gazzola, head of strategic solutions at the UN Office of Information and Communication Technology, said that in the future, the digital land registry will be available to other countries.
As a reminder, Medici Land Governance moved cadastral registries in Wyoming County to blockchain this spring to ensure transparent real estate transactions. Last year, the Abu Dhabi authorities also expressed their willingness to put the records of the cadastral service on the SmartHub platform, which uses the blockchain.
