The United Nations released a blockchain-based solution to help the Afghan government solve urban real estate problems in the country.

According to the December 2 announcement, the United Nations Human Settlements Program or UN-Habitat will present the new digital registration solution to the Afghan Ministry of Urban Development and Lands in December 2020.

The United Nations first launched the blockchain project for sustainable urban development in Afghanistan in 2019.

Now, with a new digital real estate registry tool that supports blockchain technology, the United Nations wants to help Afghanistan solve serious problems in urban informal settlements, also known as slums or small cities, such as land grabbing, ineffective land use, and unsafe land In informal settlements. …

According to the United Nations, more than 80% of property in Afghan cities “is not registered with municipal or national land authorities, and residents do not have formal title deeds.”

The new system, known as “goLandRegistry,” is designed to record all real estate documents on the blockchain, as well as to issue settlement certificates. Reportedly, this will allow landlords to independently validate business certificates using an open source verification tool.

The tool is based on a hybrid blockchain platform powered by the emerging European LTO network. Rick Schmitz, CEO of LTO, said hybrid blockchain solutions simplify and decentralize data exchange between stakeholders during the registration process, eliminating the need for costly IT reforms.

“With direct agreements, data can be shared automatically between different stakeholders and systems to add registration transfers, tax automation, lending, and more,” Schmitz said.

Maurizio Gazola, Head of Strategic Solutions for the United Nations Office of Information and Communications Technology, the project’s partner agency, said the United Nations wants to bring the digital registration solution to more countries:

“The plug-and-play design of the blockchain for the LTO network and the contribution of transactional tokens to the project in Afghanistan have allowed the development of blockchain linkage mechanisms and a tool to verify open source ownership that is now available for all countries to use as a complement to the blockchain. – On them. Current land registration systems.”

Source: CoinTelegraph