Sweden Officially Started Using Blockchain to Register Land and Properties – The Cointelegraph

Lantmäteriet, the land registry of Sweden, officially started to utilize Blockchain technology to register land and properties.

Since early 2017, various countries including Brazil have begun to utilize Blockchain technology to facilitate the ownership of land and properties in a decentralized, transparent and immutable network.

In an interview with Computer Weekly, Mats Snäll, Lantmäteriet’s head of development, revealed that the Swedish land registry has been actively investing in Blockchain technology and developing a proof-of-concept Blockchain platform since 2016.

In March of this year, Lantmäteriet completed the initial phase of trials of its Blockchain-based land and properties registry platform.

Snäll said:

“When we heard about Blockchain and its supposed benefits, we wanted to explore whether this is an actual next-generation technology we could use for registries. We have to try it on a wider scale and have more partners to see it also works with a larger number of transactions, but we haven’t come up against anything so far that argues against this technology.”

Source: Sweden Officially Started Using Blockchain to Register Land and Properties – The Cointelegraph

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