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Colombia Set To Employ Ripple’s XRPL Blockchain for Land Registry

Cryptocurrency Jul 01, 2022 11:30AM ET
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Colombia Set To Employ Ripple’s XRPL Blockchain for Land Registry

  • The Government of Colombia is ready to utilize the XRPL blockchain for land registry.
  • Ripple, along with Barcelona-based Peersyst Technology, integrates the blockchain for AgenciaTierras.
  • Ripple CTO announces the launch of Clio 1.0, an XRP Ledger API server.

Fintech company Ripple (XRP), along with Barcelona-based software development firm, Peersyst Technology, announced the launch of Colombia’s first National Land Registry over the XRPL Blockchain after a year of work. This solution has been integrated for Colombia’s National Land Agency, AgenciaTierras.

The Colombian government anticipates registering more than 100,000 adjudications in the short term to guarantee confidence for Colombians. This blockchain is based on the XRP stamp that enables registration of the digital assets on XRPL, the authenticity of which is to be verified with a QR code.

Apart from utilizing the XRPL blockchain, Peersyst Technology is also a persistent Ripple partner, which they don’t shy away from expressing on their official website. In a recent tweet, the firm mentioned of renewed alliance with Ripple by stating:

Excited to renew our alliance for the following year as the trusted blockchain company bringing tech with our partner Ripple.

In other news, Ripple CTO Joel Katz shared the discharge of an XRP Ledger API server, Clio 1.0, which aims to reinforce the scalability of entry to XRPL information. Clio 1.0 is designed to enhance output for API requests, permit simpler horizontal scaling, and cut down reminiscence utilization and storage overhead.

According to a recent analysis by On-chain analytics firm Santiment, XRP is currently experiencing a surge in the number of daily active addresses on XRP exceeding 200,000 for the first time since 2020.

XRP now has the highest number of unique addresses connected to the network in approximately two and a half years. The analysis on June 30 concluded by stating, “XRP is holding up better than most altcoins on a Thursday crypto slide day… This is worth watching.”

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Colombia Set To Employ Ripple’s XRPL Blockchain for Land Registry
 

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