Blockchain development company Peersyst worked Use Ripple when implementing the Columbia Land Registry on top of XRP Ledger (XRPL). This announcement was made by senior government officials as part of a national initiative to improve the country’s blockchain function.
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Peersyst said via the official Twitter account that their solution will be used by the National Land Agency of Colombia. Government agencies will be able to issue verifiable and verifiable digital certificates via QR codes.
The platform uses XRP stamping technology for certificates. Developed by Peersyst on XRPL, this technology allows anyone to eliminate the friction of authenticating documents using blockchain technology.
XRP Stamp is a decentralized and secure cross-service tool. Peersyst describes the XRPL-based solution and government implementation as follows:
This solution is implemented by Land Agency based on xrpstamp.com, which allows you to register digital assets with XRPL and verify their authenticity using QR Code. This solution registers a +100,000 ruling in the short term to ensure Colombia’s credibility.
This solution has been developed by XRPL developer Ripple, a blockchain-based company, for over a year. The solution is implemented as a pilot or test phase conducted by the Department of Information and Communications Technology (MinTIC) in Colombia.
Government agencies are developing blockchain-based use cases that are being phased in by various government agencies. The goal is to improve and be more transparent in the processes that traditionally take time for everyday citizens.
MinTIC unveiled Peersyst’s solution at an event called “For a More Digital Nation: A Blockchain Serving the Public Sector.” During this event, MinTIC Minister Carmen Valderrama released the latest information on the country’s blockchain guidelines.
The new documentation provides Colombia with up-to-date instructions on how to adopt and implement a blockchain-based solution. In that sense, the Land Registry plays a major role as one of the government agencies participating in the pilot stage.
Ripple believes blockchain technology will change Latin America
During the event, Valderrama called blockchain technology a valuable asset for the Colombian state. According to the minister, the country is updating its tools and is calling on Colombian officials to become accustomed to the new guidelines.
Iván Durán, Deputy Minister of Information and Communications Technology (MinTIC) in Colombia, added that blockchain technology is important:
(…) Data auditability, traceability, and immutability. A set of characteristics that ensure the security of information as it becomes an increasingly transparent nation.
According to a recent Ripple survey, Latin America is one of the most important regions in the world for blockchain and crypto adoption. Participants in the survey included more than 1,600 global financial institutions and financial leaders, 700 blockchain and crypto developers, and more than 800 people.
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Respondents believe that this technology will have a “large or significant business impact” in Latin America (LatAm), Asia Pacific (APAC), the Middle East and North Africa (MENA) regions over the next five years.